Show moss sponsors rg bill to amend gas ga s gato acta tk bill to amend the fade federal raj power act to prohibit automatic gas rate increases by pipeline companies is being cosponsored by senator frank E V moss dutah D utah he announced last week ile he said under the present law the federal power commission can cali suspend for five months a companas comp anys application for a rate increase at the end of which time the increase automatically mati cally goes into effect and stays in effect until the settles the rate vase case in the average case this is 62 months later this bill does not hot apply to companies which distribute gas to home owners and other ultimate consumers most moss emphasized pha phI sized it applies only to pipeline companies who are in effect natural gas wholesalers and he said every unjustified rate in crease by th pipeline compa wes nies forces gas distributing companies to a ask lor for higher consumer rates no increase should go into effect until the determines its reasonableness on A report of the federal power commission covering the eleven years ending march 1860 1960 shows that pipeline companies collected more than million to which they were not entitled under the decisions made in the cases even though the companies were required to pay par this back with interest the stockholders made at least 4 per cent on their custor customers ners money and in IA many cases amounts have hare been added to the investment upon which the companies aree entitled to make a fair return the bill gives the federal power commission complete authority to grant temporary rate increases or make increased ed rates retroactive it if these measures are necessary to protect a pipeline corn banys interest t |