Trunkline Gas Company

First Revised Volume No. 1

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Effective Date: 04/05/1996, Docket: RP96-170-000, Status: Effective

First Revised Sheet No. 234 First Revised Sheet No. 234 : Effective

Superseding: Sub Original Sheet No. 234

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

27.TRANSITION COSTS (Continued)

 

(D) Calculation of Buyer's Proportionate Share of the Deferred

Account Balance

 

Buyer's proportionate share shall be determined by

multiplying the total commodity deferred account balance, as

determined in Section 27.1(C) herein, whether the same shall

be a debit or credit, by a fraction consisting of the amount

of Trunkline's commodity sales volumes to Buyer during the

twelve (12) months prior to the effectiveness of this

Section 27.1 as the numerator and Trunkline's total

commodity sales volumes during the same period as the

denominator.

 

(E) Payments Due Trunkline

 

(1) If the commodity deferred account balance, as determined

in Section 27.1(C) herein, shall be a debit balance,

Trunkline shall invoice the Buyer for its proportionate

share within ninety (90) days after the final date for

receiving prior period billing adjustments hereunder.

The entire Amount of each Buyer's Direct Bill shall be

payable ten (10) days thereafter. Buyer shall pay

Trunkline by Electronic Funds Transfer to a designated

bank account established by Trunkline for amounts equal

to or greater than $50,000. For amounts less than

$50,000, Buyer shall pay Trunkline by check to

Trunkline's designated Post Office box or, at Buyer's

election, by Electronic Funds Transfer to a designated

bank account established by Trunkline. Buyer shall pay

Trunkline, at Trunkline's designated Post Office box, on

or before the tenth (10th) day after such billing the

full amount so invoiced. Should Buyer fail to pay any

amount which shall become due hereunder, interest

thereon shall accrue at the rate computed using the

factors specified in Section 154.501(d) of the

Commission's Regulations, until such time as the full

amount due has been paid or collected.

 

(2) The entire amount of Buyer's obligation to Trunkline

shall be deemed to be due on the day prior to the date

this section becomes effective.