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A PGA is a regulatory tool used by the Utilities and Transportation. Commission (UTC) to adjust the price of natural gas to reflect the. changing cost of gas in the wholesale market. The single largest cost. of operating a gas company is purchasing gas to sell to customers. Companies buy gas from producers in Canada and the United States,
# Free on board (FOB). An acronym for free on board when used in a sales contract. The seller agrees to deliver merchandise, free of all transportation expense, to the place specified by the contract. After delivery is complete, the title to all the goods and the risk of damage become the buyer's.