Florida Gas Transmission Company

Third Revised Volume No. 1

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Effective Date: 11/01/1993, Docket: RS92- 16-003, Status: Effective

Original Sheet No. 203 Original Sheet No. 203 : Superseded

 

GENERAL TERMS AND CONDITIONS

(continued)

 

two million dollars (whether debit or credit), Transporter shall

submit an interim direct bill (or cash refund, as appropriate)

to its PGA Customers. The interim direct bill/refund shall be

calculated in accordance with the foregoing provisions of

Section 26A.1, except that the Interim PGA Account Balance shall

be used in the computation and interest at the FERC Rate shall

be accrued monthly from the date(s) of the accumulation of the

amounts comprising such interim balance.

 

3. Final Direct Bill/Refund. No later than twenty-four (24) months

after the PGA Termination Date, Transporter shall submit a final

direct bill (or cash refund, as appropriate) to each of its PGA

Customers, which will eliminate any PGA Account Balance

remaining after submission of the initial and any interim direct

bills/refunds ("Final PGA Account Balance"). The final direct

bill/refund shall be calculated in accordance with the

provisions of the foregoing Section 26A.1, except that the Final

PGA Account Balance shall be used in the computation and

interest at the FERC Rate shall be accrued monthly from the

date(s) of the accumulation of the amounts comprising such final

balance.

 

B. Payment of Direct Bills

 

A PGA Customer may elect to pay any direct bill submitted by

Transporter under this Section 26 in a single lump sum payment or in

twelve (12) monthly installments following Transporter's submission

of the direct bill. If a PGA Customer elects to pay in monthly

installments, it shall so notify Transporter in writing within 10

days following Transporter's submission of the initial direct bill.

Any direct bill, or initial installment thereof, as applicable, shall

be paid within thirty (30) days following Transporter's submission,

and any subsequent installments shall be paid monthly thereafter.

Interest at the FERC Rate