Columbia Gulf Transmission Company

Second Revised Volume No. 1

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Effective Date: 07/01/1996, Docket: RP96-261-000, Status: Effective

First Revised Sheet No. 280 First Revised Sheet No. 280 : Effective

Superseding: Original Sheet No. 280

GENERAL TERMS AND CONDITIONS (Continued)

 

 

 

36. EXCESS DEFERRED INCOME TAXES.

 

 

36.1 Flow-back of Excess Deferred Income Taxes. Transporter shall flow back excess income taxes in

accordance with the provisions of Article I, Section J of the June 29, 1989 settlement approved by the

Commission in Docket No. RP86-167, and Article I, Section A(2)(e) of the November 9, 1992 settlement

approved by the Commission in Docket No. RP91-160.

 

36.2 Revised Rates at End of Amortization Period. Not less than 30 days prior to the end of the

amortization period for flow-back of such excess deferred income taxes, Transporter shall file revised

rates in a limited Section 4(e) proceeding for the limited purpose of eliminating such flow-back from its

rates at the end of the amortization period. The revised rates shall become effective on the first day of

the first month following 30 days after the date of filing.

 

36.3. True-up Mechanism. If the flow-back of excess deferred income taxes over the finally-approved

amortization period results in an over or under flowback of the finally-approved amounts of excess deferred

income taxes, Transporter shall true-up the remaining balance through a credit or surcharge in the monthly

invoices rendered to customers on its system and file a report thereof with the Commission.