Texas Eastern Transmission Corporation

Sixth Revised Volume No. 1

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Effective Date: 06/01/1993, Docket: RS92- 11-009, Status: Effective

Original Sheet No. 680 Original Sheet No. 680 : Effective

 

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 applicable tariff

sheets 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.