66-1,210. Retail natural gas supplier; failure to renew franchise; compensation. - Kansas Statutes

66-1,210

Chapter 66.--PUBLIC UTILITIES Article 1.--POWERS OF STATE CORPORATION COMMISSION

      66-1,210.   Retail natural gas supplier; failure torenew franchise; compensation.In addition to the fair cash value of any plant and appurtenancethereto determined pursuant to K.S.A. 12-811, and amendments thereto, a retailnatural gas supplier whose service rights have expired by reason of failure ofthe renewal of a valid franchise shall be entitled to compensation for allreasonable and prudent costs of detaching the gas system facilities to be soldand all reasonable and prudent costs of reintegrating the remaining gas systemfacilities of such retail gas supplies less the value of all gas systemfacilities replaced by the new facilities required for the reintegration ofthe remaining gas system facilities, plus an amount equal to the gross revenuesreceived from the customers within the affected area during the 12 months nextpreceding the date of expiration of the most recent valid franchise, lesstaxes and the cost of gas.

      History:   L. 2002, ch. 31, § 2; July 1.