Texas Eastern Transmission, L P

Seventh Revised Volume No. 1

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Effective Date: 03/14/2010, Docket: RP10-375-000, Status: Effective

First Revised Sheet No. 642 First Revised Sheet No. 642

Superseding: Original Sheet No. 642

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

26. ARTICLE VI ADJUSTMENT

 

In accordance with and as approved by the Commission's order approving the "Joint Stipulation

and Agreement" ("Settlement") filed December 17, 1991 in Docket Nos. RP88-67 et al. (Phase

II/PCBs), Pipeline shall file the applicable Statements of Rates and supporting workpapers to

reflect adjustments to Pipeline's rates. Except as provided in Articles VI B.1(a) and (b) of

the Settlement pertaining to the first filings, such filings shall be made on October 31 to

be effective December 1 of each year. Such adjustments shall be effective prospectively

until the effective date of Pipeline's subsequent filing pursuant to Article VI B.1(c) of the

Settlement and shall reflect the recoverable portion of the Eligible PCB-Related Costs, as

defined in the Settlement, Pipeline estimates it will incur for the annual period covered by

the filing. Pipeline shall include in such filing an adjustment, including any applicable

credits and offsets, to the recoverable cost figure for any over or underrecovery of

recoverable costs by Pipeline in the previous annual period, as well as any other credits or

offsets required by the terms of the Settlement. Each change in Pipeline's rates pursuant to

this Section 26 shall become effective without suspension provided that the Commission shall

not be precluded from rejecting or suspending any rate adjustment for failure to be

consistent with terms of the Settlement.