2001 Deferral Account Balances Sample Clauses

2001 Deferral Account Balances. [Partial Settlement] Union’s evidence outlined the actual gas cost deferral account balances as at December 31, 2001 at B/T13/S1 Updated/p1. This schedule is attached as Appendix A to this agreement. These balances total a debit of $226.7 million, prior to the application of a rate rider described below. The major components of the balance include: • A debit balance of $16.3 million in the Firm Supply Purchase Gas Variance deferral account (179-80) which represents variances in the unit cost of Union’s Alberta supply relative to Union’s reference price; • A net debit of $93.7 million in the Other Purchased Gas Costs deferral account (179-68). The major components of this account can be found at Appendix A to this agreement; • A credit of $5.1 million in the TCPL tolls and fuel deferral account for Union’s Southern Operations area (179-67); • A debit of $4.5 million in the TCPL tolls and fuel deferral account for Union’s Northern & Eastern Operations area (179-100). The account balances are reflective of commodity prices experienced in 2001 relative to the amounts that were included in rates. In the EB-2001-0533 and EB-2001-0778 proceedings, the Board approved a gas storage inventory rate rider that was forecast to collect $155.865 million from November 2001 to March 2002. All revenue generated from the rate rider for the period November 2001 to March 2002 is credited to the Other Purchased Gas Costs deferral account (179-68). It is anticipated that by March 31, 2002, $117.160 million will have been collected through the rate rider. The amount collected was lower than anticipated largely as a result of much warmer than normal weather and the corresponding decrease in volume. The intervenors agree to Union’s 2001 Gas Supply deferral account balances with the exception of the cost impacts of Union’s contracts with Alliance and Vector pipelines. The difference between the landed cost of supply using Alliance and Vector transportation and the landed cost of supply included in Union’s gas supply rates is recorded in the flexibility component of the Other Purchased Gas Costs deferral account (179-68). The flexibility component of the Other Purchased Gas Costs deferral account is shown at B/T13/S1 Updated/p1, lines 3 and 4. Some parties are unable to agree to the cost implications of Union’s contracting with the Alliance and Vector pipelines because they do not accept that Union made a prudent decision on behalf of its customers in contracting for capacity on thes...
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Related to 2001 Deferral Account Balances

  • Account Balances Balances shown in your accounts may include deposits subject to verification by us. The balance reflected in the Service may differ from your records due to deposits in progress, checks outstanding, or other withdrawals, payments or charges. A transfer request may not result in immediate availability because of the time required to process the request. A transfer request must be made before the Business Day Cut-off time to be effective the same Business Day. The balances within the Service are updated periodically and the Service will display the most current "as of" date on the "accounts" summary page. There may be situations that cause a delay in an update of your balances. The Service will use the most current balance available at the time of a transaction to base our approval for account transfers.

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