Columbia Gulf Transmission Company
Second Revised Volume No. 1
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Effective Date: 07/01/1996, Docket: RP96-261-000, Status: Effective
First Revised Sheet No. 280 First Revised Sheet No. 280 : Effective
Superseding: Original Sheet No. 280
GENERAL TERMS AND CONDITIONS (Continued)
36. EXCESS DEFERRED INCOME TAXES.
36.1 Flow-back of Excess Deferred Income Taxes. Transporter shall flow back excess income taxes in
accordance with the provisions of Article I, Section J of the June 29, 1989 settlement approved by the
Commission in Docket No. RP86-167, and Article I, Section A(2)(e) of the November 9, 1992 settlement
approved by the Commission in Docket No. RP91-160.
36.2 Revised Rates at End of Amortization Period. Not less than 30 days prior to the end of the
amortization period for flow-back of such excess deferred income taxes, Transporter shall file revised
rates in a limited Section 4(e) proceeding for the limited purpose of eliminating such flow-back from its
rates at the end of the amortization period. The revised rates shall become effective on the first day of
the first month following 30 days after the date of filing.
36.3. True-up Mechanism. If the flow-back of excess deferred income taxes over the finally-approved
amortization period results in an over or under flowback of the finally-approved amounts of excess deferred
income taxes, Transporter shall true-up the remaining balance through a credit or surcharge in the monthly
invoices rendered to customers on its system and file a report thereof with the Commission.