Carnegie Interstate Pipeline Company

Original Volume No. 1

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Effective Date: 01/01/1995, Docket: CP93-552-003, Status: Effective

Original Sheet No. 137 Original Sheet No. 137 : Effective

Superseding: Original Sheet No. 137

GENERAL TERMS AND CONDITIONS

(Continued)

 

31.3 (Continued)

 

elects such amortization,

NJNG must notify CIPCO within two (2)

business days of receipt of the bill that

it desires to amortize the direct bill and

must specify the desired amortization

period. Each monthly amortization amount

shall be due on the same date and made in

the same manner as payments for services to

CIPCO under Section 22. NJNG may, at any

time prior to the end of the amortization

period, pay the entire amount of its unpaid

share of the direct bill to CIPCO with no

further obligation to pay interest

applicable after such time.

 

(3) CIPCO shall not post costs

eligible for recovery under this Section

31.3(a) to its Account No. 191 after June

30, 1994.

 

(4) CIPCO shall refund to NJNG

its share of any net overrecoveries of gas

costs includable in CIPCO's Account No. 191

attributable to gas purchases by CIPCO

before October 1, 1993, including any

refunds received by CIPCO from Texas

Eastern attributable to gas purchases by

CIPCO before October 1, 1993, regardless of

when CIPCO receives such refunds. Thirty-

seven and one half percent (37.5%) of any

such overrecovered amounts, which are not

offset by chargeable costs, shall be

refunded to NJNG, together with applicable

interest calculated in accordance