Dominion Transmission, Inc.

Third Revised Volume No. 1

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Effective Date: 09/23/2000, Docket: RP00-555-000, Status: Effective

Original Sheet No. 1106 Original Sheet No. 1106 : Effective

 

 

GENERAL TERMS AND CONDITIONS

Take-or-Pay Recovery

 

 

3. Calculation of Monthly Directly Billed

Amounts. Customer's Fixed Monthly Surcharge

for the first year of the amortization period

shall be calculated by dividing Customer's

allocated portion of 25 percent of Pipeline's

total take-or-pay costs by three, adding

interest for the year, and then dividing by

12. Thereafter, Pipeline shall revise the

Fixed Monthly Surcharge to each Customer to

reflect any change in the principal and

interest amounts.

 

At the end of each 12 months of the

amortization period, Pipeline shall compare

amounts collected from each Customer to actual

allocated principal amounts and interest

amounts calculated at Commission-approved

interest rates. Any overcollection (or

undercollection) will be credited (or

surcharged) to Customer's first monthly

invoice after each 12 months of the

amortization period

 

4. Method of Payment. Each month Pipeline shall

include as a separate item on each Customer's

monthly bill rendered pursuant to Section 6 of

these General Terms and Conditions, the Fixed

Monthly Surcharge for such Customer calculated

in accordance with the methodology described

in Section 12.2.A.1., above. Payment shall be

made in accordance with Section 6 of the

General Terms, including additional interest

upon any required payment that is received by

Pipeline after the due date of such payment.

 

5. Applicability to Former Customers. Any

Customer whose service agreement with Pipeline

expires after March 31, 1989, and is not

renewed while the above described Fixed

Monthly Surcharges are in effect, shall be

billed directly for its total unpaid allocated

principal amount, plus accrued interest.