1. (a) No later than May 15 of each year, each gas utility shall submit its gas supply portfolio plan, along with its contracting and hedging objectives, to the General Staff for its review and a determination as to its consistency with the policy principles and this part.
2. (b) Specific minimum filing requirements are listed in 23 CAR § 456-104.

3. (c) In general, the supply plan should:

   1. (1) Identify projected peak and annual gas supply requirements under various weather conditions; and
   2. (2) Detail how those requirements will be met.

4. (d) Also, the utility should submit a quantitative analysis demonstrating that the plan will achieve an appropriate balance of:

   1. (1) Reliability;
   2. (2) Reduced volatility; and
   3. (3) Reasonable price.
5. (e) The utility should describe the options it offers its customers to respond to the prices that are projected to result from its strategy as well as the customer education efforts it will employ to inform customers of the projected prices and customer options.
6. (f) The reasonableness and prudence of each utility’s gas supply portfolio plan shall be judged relative to the market circumstances, contracting and hedging instruments, and other pertinent information available to the utility at the time it was prepared.
7. (g) The General Staff contemplates that its review will be completed within sixty (60) days.

Codification Notes: This section was promulgated as Section 3 of the Natural Gas Procurement Plan Rules prior to codification in the Code of Arkansas Rules.