Problem 16 - 8

a. Sources/Receipts of Gas
Storage gas withdrawals 2,500,000 ***
Gas received from customers 47,800,000
Gas received for fuel reimbursement 2,200,000
Gas purchases 600,000
Total receipts accounted for 53,100,000

Uses/Deliveries of Gas
Storage Injections 2,300,000 *
Gas deliveries for customers 46,800,000 *
Gas used in operations 2,600,000 *
Unaccounted for gas 1,400,000 **
53,100,000
53,100,000
Sum of * = 51,700,000 -51,700,000
1,400,000 **
b. 600,000 X $2.80 = 1,680,000
832 Natural gas transmission line purchases 1,680,000
232 Accounts payable 1,680,000

50,000,000 - 2,200,000 -46,800,000 = 1,000,000 X $2.70 = $2,700,000

806 Exchange gas 2,700,000
242 Miscellaneous current & accrued liabilities 2,700,000

2,200,000 - 2,600,000 = -400,000 X $2.70 = -$1,080,000 -400,000 X $2.50 = -$1,000,000

854 Gas used for compressor station fuel 1,080,000
810 Gas used for compressor station fuel - credit 1,080,000
182.3 Other regulatory assest 1,000,000
407.4 Regulatory credits 1,000,000

1,400,000 X $2.70 = $3,780,000 1,400,000 X $2.50 = $3,500,000 unaccounted for

854 Gas used for compressor station fuel 3,780,000
812 Gas used for utility operations 3,780,000
182.3 Other regulatory assets 3,500,000
407.4 Regulatory credits 3,500,000
MMBtu Cost
Purchases 600,000 1,680,000 2,300,000 **
Imbalances 1,000,000 2,700,000 X $0.60
Fuel -400,000 -1,000,000 $1,380,000
UAF -1,400,000 -3,500,000 2,500,000 ***
-200,000 -120,000 X $0.60
$120,000 / 200,000 = $.60/MMBtu average cost $1,500,000

117.2 System balancing gas - purchases 1,680,000

117.2 System balancing gas - imbalances 2,700,000
117.2 System balancing gas - fuel 1,000,000
117.2 System balancing gas - UAF 3,500,000
808.1 Gas withdrawn from strorage 1,500,000
808.2 Gas delivered to storage 1,380,000
16-1 25,000 + 200,000 + 5,000 + 60,000 = 290,000 50,000 + 40,000 + 30,000 = 120,000
142 Customer A/R 290,000
489.2 Transportation Revenue - Transmission 290,000

142 Customer A/R 120,000

489.4 Storage Revenue 120,000

16-2
Receivable of 80 -70 = 10,000 MMBtu from Cooper Power
16-3 300,000 X 1.60 = 480,000 40,000 X 1.60 = 64,000
117.2 System Balancing Gas 480,000
808.2 Gas Delivered to Storage 480,000

808.1 Gas Withdrawn from Storage 64,000

117.2 System Balancing Gas 64,000

16-4 4,000,000 X 1.90 = 7,600,000

808 Natural Gas Transmission Line Purchases 7,600,000
232 Accounts Payable - Purchases 7,600,000

117.2 System Balancing Gas 7,600,000

808.2 Gas Delivered to Storage 7,600,000

16-5
40,000 / .98 = 40,815

16-6 2,500 X 1.60 = 4,000 14,000 X 1.60 = 22,400

854 Gas Used for Compressor Station Fuel 22,400
777 Gas Processed By Others 4,000
810 Gas Used for Compressor Station Fuel 22,400
811 Gas Used for Products Extraction 4,000

16-7
100,000 X 2.60 = 260,000
800,000 X 2.40 = 1,920,000

812 Gas Used for Utility Operations 1,920,000 Reimbursement

854 Gas Used for Compressor Station 1,920,000

808.1 Gas Withdrawn from Storage 260,000 Net Withdrawal

117.2 System Gas Inventory 260,000

183.2 Other Regulatory Assets 260,000 Deferral

407.4 Regulatory Credits 260,000

131.0 Cash 260,000 Collection

183.2 Other Regulatory Assets 260,000