Eastern Shore Natural Gas Company

First Revised Volume No. 1

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Effective Date: 03/01/1991, Docket: GT91- 17-000, Status: Effective

Original Sheet No. 253 Original Sheet No. 253 : Superseded

GENERAL TERMS AND CONDITIONS

(Conditions)

21. Purchased Gas Cost Adjustment Clause (Continued)

21.6 Refunds (Continued)

(b) Carrying Charges (Continued)

consistent with Section 154.303(c)(3) and reduced

for unpaid accruals, if any as of the end of the

immediately preceding month by a monthly carrying

charge rate determined by dividing the annual

interest rate specified for refunds in Section

154.67(c)(2)(iii)(A) of the Commission's

Regulations by 365 (or 366, if leap year) and

multiplying the result by the number of days in

the applicable month, expressed to the nearest

one-one hundredth of one percent.

(c) Refund Reports

Seller shall submit a refund report to the

Commission showing all computations of the

refunds, revenue credits, and associated

carrying charges disbursed in cash during the

applicable deferral period with its annual PGA

filing.

21.7 Assessment of Past Performance

With each Annual PGA filing, Seller shall file all

reports necessary to allow Commission assessment of

Seller's past performance in accordance with Section

154.306 of the Commission's Regulations.