2009 and 2010 Tolls Sample Clauses

2009 and 2010 Tolls. Westcoast will by December 1, 2008 and December 1, 2009 apply to the Board for approval of interim tolls for Zones 3 and 4 for 2009 and 2010, respectively, based on a forecast of the tolls for 2009 and 2010, respectively, having regard for the adjustments, including changes in allocation units and the forecast revenue from interruptible service, contemplated by this Agreement. Each application will include sufficient supporting schedules and explanatory information necessary to establish that the tolls have been determined in accordance with this Agreement. Westcoast will consult with and provide the Stakeholders with the opportunity to review and comment on the 2009 and 2010 toll filings with the intention that Westcoast and the Stakeholders will agree on the filing. The final form of the 2009 and 2010 toll filings will be at Westcoast’s discretion, but any Stakeholder may make submissions to the Board regarding appropriate amendments. In preparing each application Westcoast will also consult with the Stakeholders to determine whether the forecast of 2009 or 2010, as the case may be, pipeline integrity O&M and capital expenditures, NEB cost recovery expense, property taxes and short- term debt rate should be updated to reflect current information at that time. Unless Westcoast and the Stakeholders agree otherwise, the tolls for each of 2009 and 2010 will include a credit of $12.7 million in Zone 3 and $5.2 million in Zone 4 for forecast revenue from interruptible service in each such year. Westcoast will review the 2009 and 2010 forecast revenue from interruptible service with the Stakeholders prior to filing each of the 2009 and 2010 toll filings to determine whether the forecast should be updated to reflect current information at that time. Any difference between the forecast and the actual revenue from interruptible service in 2009 and 2010 in Zones 3 and 4 will be recorded in the Discretionary Revenue Deferral Account for amortization in 2010 and 2011, respectively. Westcoast will as soon as reasonably practicable after Westcoast’s 2008 and 2009 actual results are available apply to the Board for final 2009 and 2010 tolls, respectively, and will make any necessary amendments to the 2009 and 2010 toll applications to reflect the actual 2008 and 2009 results, respectively. Westcoast will consult with and provide the Stakeholders with the opportunity to review and comment on the amendments with the intention that Westcoast and the Stakeholders will agree...
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Related to 2009 and 2010 Tolls

  • Quarterly and Annual Reconciliation 10.6.1 The Parties acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff Rebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement.

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