Kentucky West Virginia Gas Company
Third Revised Volume No. 1
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Effective Date: 07/01/1993, Docket: RS92- 18-002, Status: Effective
Original Sheet No. 61D Original Sheet No. 61D : Superseded
GENERAL TERMS AND CONDITIONS (Continued)
up to twenty four months by making monthly payments, each of
which shall be equal to a corresponding fraction of the amount
of the exit fee. Carrying charges shall accrue on all unpaid
amounts at the rate computed using the factors specified in Section
157.67 of the Commission's regulations. Any Customer electing to
amortize payments must make such election within five days of
receipt of the bill and must specify the desired amortization
period. In the event of an election to amortize the exit fee, any
Customer may, at any time prior to the end of the amortization
period, pay the entire amount of its unpaid balance to Pipeline
with no further obligation for carrying charges.
37. INTERRUPTIBLE REVENUE SHARING
The fixed cost components of the rates set forth on Rate Schedules IGS
and ITS in Section 27 are:
IGS - $0.3759/dth
ITS - $0.2222/dth
The total fixed costs allocated to such interruptible services in the
design of such rates is $7,788,355. To the extent that Pipeline
receives revenues derived from the fixed cost components of such rates
in excess of $7,788,335, during the first year of operation under such
schedules, and each succeeding year, ninety percent (90%) of such excess
revenues shall be distributed to Pipeline's firm Customers in direct
proportion to payments received from such firm Customers through
reservation charges under Rate Schedules FGS and FTS for said first year
of operation and each succeeding year. The remaining 10% of such excess
shall be retained by Pipeline together with all other interruptible
revenues.
The distribution of the 90% of the excess revenue shall be made on or
before 90 days after the end of the year involved.