Trunkline Gas Company, LLC

Third Revised Volume No. 1

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Effective Date: 08/01/2003, Docket: RP03-534-000, Status: Effective

Original Sheet No. 307 Original Sheet No. 307 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

27. TRANSITION COSTS (Continued)

 

(3) Each Buyer shall have the option, in lieu of a lump sum

payment of the total Direct Bill for Buyer's obligation

for unrecovered Account No. 191 amounts, of paying

twelve (12) consecutive monthly payments equal to 1/12th

of such amount. Carrying charges on the total

unrecovered Account No. 191 Direct Bill amount shall

commence on the effective date of this Section 27 and

shall be calculated and included on each monthly invoice

for those Buyers electing the twelve (12) month payment

option. Notwithstanding such election, a Buyer may, at

any time, pay the entire amount of its unpaid share of

the unrecovered Account No. 191 Direct Bill amount to

Trunkline, with no further obligation for carrying

charges.

 

(4) Carrying charges on unpaid Direct Bill amounts for those

Buyers electing to extend their payments in accordance

with Section 27.1(E)(3) shall be calculated using the

methods specified in Section 154.501(d) of the

Commission's Regulations.

 

(F) Refunds Due Buyers

 

If the commodity deferred account balance, as determined in

Section 27.1(C) herein, shall be a credit balance, Trunkline

shall refund to Buyer its proportionate share ninety (90)

days after the final date for receiving prior period billing

adjustments hereunder.

 

(G) Reservations

 

This Section 27.1 shall not be construed to affect

Trunkline's right to recover from Buyer such transition or

other costs as it may incur in connection with contracts with

suppliers of Natural Gas or otherwise, such rights being

expressly reserved, subject to applicable Commission orders

and regulations. Trunkline reserves the right, subject to

the prior approval of the Commission, to reallocate the

charges for which provision is made hereunder, in the event

these charges shall be determined to be ineffective.