48.1. The Régie shall fix the rates and conditions of service applicable to the distribution of natural gas, for a period of 12 months, as of the first day of a natural gas distributor’s rate year. To that effect, the Régie shall, with respect to a period covering three rate years,1° establish the revenues required to ensure the operation of a natural gas distribution system during the first rate year and fix, based on those revenues, the natural gas distribution rates applicable for that first year;
2° determine, for the purpose of establishing the revenues required for the last two rate years, a cost variance formula that takes into account, among other things, any surplus or loss of revenue for a previous rate year; and
3° fix the natural gas distribution rates applicable as of the first day of each of a distributor’s last two rate years referred to in subparagraph 2, taking into account the variance referred to in that subparagraph.
In addition, the Régie shall, during a rate year, on the application of an interested person or on its own initiative, fix a rate or conditions of service applicable to the distribution of natural gas. It shall take into account, according to the year concerned, the required revenues established in accordance with subparagraph 1 or 2 of the first paragraph.
On the application of a distributor made during a three-year period referred to in the first paragraph, due to special circumstances, the Régie shall fix the rates and conditions of service referred to in that paragraph in the manner provided for in that paragraph.
2013, c. 16, s. 2; 2019, c. 272019, c. 27, s. 71; 2025, c. 242025, c. 24, s. 371.