UNITED STATES OF AMERICA
BEFORE THE
FEDERAL ENERGY REGULATORY COMMISSION
In the Matter of )
) Docket Nos. RP94-72-009
Iroquois Gas Transmission System, L.P. ) FA92-59-007
) RP97-126-015
) and RP97-126-000
STIPULATION AND AGREEMENT
(December 17, 1999)
Pursuant to Rule 602 of the Rules of Practice and Procedure of the
Federal Energy Regulatory Commission ("Commission"), 18 C.F.R. ss. 385.602,
Iroquois Gas Transmission System, L.P. ("Iroquois") submits this Stipulation and
Agreement ("Stipulation"), representing the agreement of Iroquois, the
Commission Staff and all active participants in this proceeding. 1 This
Stipulation resolves all issues set for hearing and all issues pending judicial
review of Commission orders in the captioned dockets. The parties urge the
Commission to promptly approve this Stipulation.
------------------------
1 The active participants joining in this Stipulation are Iroquois, the
Commission Staff, Public Service Commission of the State of New York,
GASP Coalition, United States Department of Justice, Boston Gas
Company, Colonial Gas Company, Essex Gas Company, Bay State Gas
Company, Northern Utilities, Inc., Canadian Association of Petroleum
Producers and Alberta Department of Resource Development, Connecticut
Natural Gas Corporation, Yankee Gas Services Company, The Southern
Connecticut Gas Company, The Brooklyn Union Gas Company and KeySpan Gas
East Corporation, New York State Electric and Gas Corporation, Central
Xxxxxx Gas & Electric Corp., New Jersey Natural Gas Company, Public
Service Electric and Gas Company, Consolidated Edison Company of New
York, Selkirk Cogen Partners, L.P., MASSPOWER and USGen New England,
Inc. As used in this Stipulation, the term "participant(s)" shall mean
the above-listed active participants and the term "party" or "parties"
shall include all parties as defined by Section 385.102(c) of the
Commission's regulations.
DESCRIPTION OF THESE PROCEEDINGS
Docket Nos. RP94-72-000 and FA92-59-000
Iroquois filed its rate case in Docket No. RP94-72-000 on December 1,
1993, as Iroquois' first general rate case following the commencement of service
in December 1991. The Commission suspended Iroquois' revised rates for five
months to become effective on May 1, 1994. 2 By order issued March 23, 1994, the
Commission consolidated Iroquois' rate case with an accounting proceeding in
Docket No. FA92-59-000 and set the consolidated proceedings for hearings. 3
The participants conducted discovery and filed prepared direct,
answering and rebuttal testimony. The participants also conducted settlement
discussions, which culminated in a March 30, 1995 settlement that resolved all
but two reserved issues. 4 The reserved issues concerned the rate and accounting
treatment of certain legal costs (included within the "Legal Defense Costs", as
defined herein in Section 2.2).
On April 5, 1995, the Presiding Judge convened a one-day hearing to
address the two reserved issues. On July 19, 1995, the Presiding Judge issued
his initial decision ruling that: (1) the Legal Defense Costs were recoverable
in Iroquois' rates; and (2) for accounting purposes, such costs should be
treated as capital costs.5 The Commission
------------------------
2 Iroquois Gas Transmission Sys., L.P., 65 FERC P. 61,424 (1993).
3 Iroquois Gas Transmission Sys., L.P., 66 FERC P. 61,338, order on reh'g, 68
FERC P. 61,048 (1994).
4 The Commission approved the settlement by letter order issued on June 19,
1995. Iroquois Gas Transmission Sys., L.P., 71 FERC P. 61,358 (1995).
5 Iroquois Gas Transmission Sys., L.P., 72 FERC P. 63,004 (1995).
2
reversed the initial decision, and denied rehearing, by orders issued on
December 20, 1996 and March 3, 1997.6
Docket No. RP97-126-000
On November 29, 1996, Iroquois filed in Docket No. RP97-126-000 its
second general rate case, which reduced Iroquois' general transportation rates.
By order issued on December 31, 1996, 7 the Commission, inter alia, summarily
ordered Iroquois to remove from its rate base certain Legal Defense Costs. The
Commission also permitted Iroquois' reduced rates (as further reduced for the
summary disposition of certain Legal Defense Costs) to become effective on
January 1, 1997, subject to suspension and a hearing.
The Presiding Judge issued his initial decision on December 31, 1997. 8
On July 29, 1998, Commission issued an order affirming in part and reversing in
part the initial decision. 9 The Commission granted in part and denied in part
rehearing by order issued March 11, 1999. 10
------------------------
6 Iroquois Gas Transmission Sys., L.P., 77 FERC P. 61,288 (1996), reh'g
denied, 78 FERCP. 61,216 (1997).
7 Iroquois Gas Transmission Sys., L.P., 77 FERC P. 61,352, at 62,538 (1996),
order on reh'g, 80 FERCP. 61,199 (1997).
8 Iroquois Gas Transmission Sys., L.P., 81 FERC P. 63,012 (1997).
9 Iroquois Gas Transmission Sys., L.P., 84 FERC P. 61,086 (1998).
10 Iroquois Gas Transmission Sys., L.P., 86 FERC P. 61,261 (1999).
3
Court Appeals
Legal Defense Costs: Iroquois filed petitions for review in the United
States Court of Appeals for the District of Columbia Circuit of: (1) the
Commission's orders in Docket Nos. RP94-72, et al., denying recovery of certain
Legal Defense Costs; and (2) the orders in Docket No. RP97-126-000 summarily
removing certain Legal Defense Costs from Iroquois's rates. Those petitions were
consolidated in D.C. Cir. Nos. 97-1276 and 97-1533. On July 21, 1998, the Court
issued a decision remanding those orders. Iroquois Gas Transmission System, L.P.
v. FERC, 145 F.3d 398 (D.C. Cir. 1998) ("Iroquois v. FERC").
RP97-126 General Rate Issues: On May 10, 1999, in D.C. Cir. No.
99-1175, Iroquois filed a petition for review of the Commission's July 29, 1998
and March 11, 1999 orders addressing the general rate issues in Docket No.
RP97-126-000. Also on May 10, 1999, in D.C. Cir. No. 99-1177, Selkirk Cogen
Partners, L.P. and MASSPOWER filed a petition for review of those same
Commission orders. The Court consolidated those petitions. The Court also
granted the petitioners' joint motion to hold those cases in abeyance pending
the outcome of settlement discussions among the parties.
Remand Proceedings/Settlement
On remand of Iroquois v. FERC (concerning the recovery of Legal Defense
Costs), the Commission set the matter for further hearings. 11 On July 13, 1999,
the Presiding Judge convened a prehearing conference and adopted a procedural
schedule,
------------------------
11 Iroquois Gas Transmission Sys., L.P., 87 FERC P. 61,295, clarif. granted,
88 FERC P. 61,236 (1999).
4
which provided initially for an ADR (alternative dispute resolution)
process, as well as dates for testimony, discovery, and a hearing.
The participants convened publicly-noticed settlement conferences on
August 11, September 21, October 14, and November 12, 1999. The settlement
discussions expanded to address the pending RP97-126 appeals and Iroquois'
future rates. Thus, the instant Stipulation resolves all issues in these remand
proceedings regarding Legal Defense Costs, as well as the issues on appeal in
D.C. Cir. Nos. 99-1175 and 99-1177, and matters related to Iroquois' future rate
levels. 12
The Stipulation is based on an "incentive" framework, whereby over the
term of the Stipulation: (1) Iroquois agrees not to seek to recover or to
include in any future rate filing any Legal Defense Costs, as that term is
defined herein in Section 2.2; (2) customers will receive scheduled rate
reductions in the years 2001, 2002, and 2003; (3) there will be a moratorium on
filings under Sections 4 and 5 of the Natural Gas Act ("NGA") to otherwise
increase or reduce Iroquois' rates, subject to the limited exceptions discussed
below; and (4) Iroquois will retain any benefits of revenues associated with any
new services, volumes or facilities over said term. The participants are aware
of no opposition to the settlement.
------------------------
12 In an effort to anticipate any possible opposition to the settlement,
the public notices of the October 14 and November 12, 1999 settlement
conferences (issued October 8 and November 5, 1999) explained the
expanded scope of the settlement negotiations. No one at those
conferences expressed opposition to the settlement.
5
ARTICLE I
SETTLEMENT RATES
1.1 Schedule of Settlement Rates
Iroquois' base tariff rates 13 for existing services shall be those
rates as set forth on Appendix A ("Settlement Rates") to be effective for the
respective periods set forth thereon.
1.2 Implementation of Settlement Rates
Within fifteen (15) days after this Stipulation becomes effective in
accordance with Article V below, Iroquois shall file a Revised Tariff Sheet No.
4 and an Original Tariff Sheet No. 4A reflecting the Settlement Rates and
Revised Tariff Sheet Nos. 5, 14, 15, 29, 30, 75B and 75C reflecting the
elimination of surcharge provisions rendered obsolete by this Stipulation, all
as set forth in the pro forma tariff sheets contained in Appendix B.
1.3 Commission Approval
The Commission's order approving this Stipulation and making it
effective in accord with Article V below shall constitute (1) approval of the
Settlement Rates without any refund obligation and (2) all necessary authority
to place the Settlement Rates in effect for the respective periods set forth on
Appendix A.
------------------------
13 As used in this Stipulation, the term "base tariff rates" means
Iroquois' rates for existing services, exclusive of Rate Adjustments
for: (1) the Gas Research Institute ("GRI") surcharge, the Annual
Charge Adjustment ("ACA") surcharge, and any other industry-wide
surcharge or credit imposed by the Commission, except to the extent
that the costs to be recovered by such new surcharge or credit already
are being recovered in Iroquois' base tariff rates; (2) the Deferred
Asset Surcharge ("DAS"); (3) the Measurement Variance/Fuel Use Factor
("MV/FU"); and (4) the Transportation Cost Rate Adjustment ("TCRA").
6
ARTICLE II
OTHER PRINCIPLES OF SETTLEMENT
2.1 Withdrawal Of Petitions For Review
Within 15 days after this Stipulation becomes effective in accord with
Article V below, Iroquois and Selkirk Cogen Partners, L.P. and MASSPOWER shall
file a motion to withdraw their petitions for review of the Commission's orders
of July 29, 1998, and March 11, 1999, in Docket No. RP97-126, which appeals are
pending in Case Nos. 99-1175 and 99-1177 in the United States Court of Appeals
for the District of Columbia Circuit. Pending such withdrawal, Iroquois, with
the concurrence of all of the parties to those appeals, shall continue to seek
to hold those appeals in abeyance. All Parties agree that with respect to the
Commission's Orders which are the subject of Case Nos. 99-1175 and 99-1177, no
filings will be made which would result in vacating and/or modifying, in any
manner, such underlying Commission Orders.
2.2 Legal Defense Costs
As used herein, the term "Legal Defense Costs" shall mean those past
and future costs or expenses incurred or accrued by Iroquois, its officers,
agents, affiliates, employees, independent contractors, and consultants (a) for
attorneys, witnesses and consultants in defending the following matters or any
appeals or remands thereof, or (b) in seeking to recover from ratepayers any
such attorneys, witnesses and consultants costs or expenses incurred in
defending the following matters or any appeals or remands thereof: the criminal,
civil, and administrative enforcement actions in United States v. Iroquois
Pipeline Operating Co. (N.D.N.Y., 96-CR-166); United States v. Xxxxxx Xxxx
(N.D.N.Y., 96-CR-170); United States v. Xxxx Xxxxxxxxx (N.D.N.Y. 96-CR-168);
United
7
States x. Xxxx Xxxxxxx (N.D.N.Y., 96-CR-167); United States v. Xxxxxxx
Xxxxx (N.D.N.Y., 96-CR-169); United States v. Xxxxxx Xxxxx, Xxxxxxx Xxxxxx,
Xxxxx Xxxxxxxx, and Xxxxxx Environmental, Inc. (N.D.N.Y., 96-CR-327; 2d. Cir.
No. 98-1215); United States v. Iroquois Pipeline Operating Co. (N.D.N.Y., Civ.
No. 96-836); United States v. Iroquois Pipeline Operating Co. (X.Xxxx., Civ. No.
96-926); United States v. Iroquois Pipeline Operating Co. (E.D.N.Y., Civ. No.
96-2613); United States v. Iroquois Pipeline Operating Co. (S.D.N.Y., Civ. No.
96-3909); Iroquois Pipeline Operating Co. (administrative consent decree), 75
FERC P. 61,205 (May 23, 1996); the administrative consent decree with the
Department of Transportation referred to in Paragraph 5(e) of the plea agreement
filed in N.D.N.Y., 96-CR-166; Iroquois Gas Transmission System, L.P. v. FERC
(D.C. Cir. Nos. 97-1276 and 97-1533); Iroquois Gas Transmission System, Docket
Nos. RP94-72-009, FA92-59-007, RP97-126-015 (remand proceedings). Provided,
however, said Legal Defense Costs shall not include costs or expenses incurred
or accrued in defending investigations or claims not raised against Iroquois,
its officers, agents, affiliates, employees, independent contractors, or
consultants as of the date of this Stipulation. Iroquois represents that, as of
the date of this Stipulation, Iroquois is unaware of any such investigation or
unasserted claim which may be raised against Iroquois, its officers, agents,
affiliates, employees, independent contractors, or consultants.
2.3 No Rate Recovery of Legal Defense Costs
This Stipulation does not provide for the recovery of any Legal Defense
Costs by Iroquois or by any other party, and Iroquois agrees not to seek to
recover or include any Legal Defense Costs in any future rate filing. Iroquois
agrees that all past Legal Defense
8
Costs have been, or will be, either expensed, booked to a non-recoverable
account, or removed from Iroquois' books and that all Legal Defense Costs
incurred or accrued after the date of this Stipulation will be booked to Account
426.5, Other Deductions. Parties are not waiving the right to contest any legal
costs in any future proceeding.
ARTICLE III
RATE MORATORIUM
3.1 Except to the extent that such rate changes are specifically
provided for in this Stipulation and subject to Section 3.2 below, (1) Iroquois
shall not file pursuant to NGA Section 4 prior to January 1, 2004, to increase
the Settlement Rates; (2) no party (or its successors or assigns) shall seek
pursuant to NGA Section 5 prior to April 1, 2003, to reduce the Settlement
Rates; and (3) no party (or its successors or assigns) will receive any
reduction in the Settlement Rates pursuant to NGA Section 5 prior to January 1,
2004.
3.2 Specifically excepted from the moratorium on changes to the
Settlement Rates provided for in this Article III are the following:
1. any filing to track costs under the Rate Adjustments specified in
footnote 13;
2. any filing to revise the terms and conditions of Iroquois'
tariff, provided such revision makes no change to the Settlement
Rates and/or provided such revision does not degrade existing
firm service as currently specified in Iroquois' Rate Schedule
RTS;
3. any filing for new facilities, services, or rate schedules,
provided that: (i) no change in the Settlement Rates will result
during the term of this
9
Stipulation as defined in Article IV herein; (ii) parties are not
precluded from objecting to and/or challenging any proposed rate
design or rate level and/or future rate treatment of such new
facilities, services, or rate schedules; and/or (iii) such new
facilities, services, or rate schedules do not degrade existing
firm service as currently specified in Iroquois' Rate Schedule
RTS;
4. to the extent allowed by the Commission, any limited filing by
Iroquois or any other party to raise or remove the maximum rate
ceiling for secondary market services (i.e., capacity release,
interruptible or short-term firm services), provided that such
filing shall not change the Settlement Rates for long-term firm
services.
Provided, however, the parties reserve their rights to oppose any such filing
permitted by this Section 3.2 on any grounds except to the extent inconsistent
with this Stipulation.
3.3 Any revenues during the term of this Stipulation associated with
any new volumes, facilities, services, or classes of service which are added
after November 1, 1999, shall be retained by Iroquois and shall not be shared
with, or credited to, Iroquois' customers.
ARTICLE IV
TERM
This Stipulation, upon becoming effective pursuant to Article V below,
shall be effective for a term beginning on November 1, 1999, and terminating on
the earliest of the date on which new rates become effective (other than as
provided for in Section 3.2 above) pursuant to (i) a superseding general rate
change filing under NGA Section 4
10
made in accordance with this Stipulation, or (ii) a modification of any of
Iroquois' base tariff rates, on or after January 1, 2004, in a proceeding
instituted by the Commission or any other entity pursuant to NGA Section 5;
provided, however, that Article II and Article VIII will survive and will not be
terminated under the above provision.
ARTICLE V
EFFECTIVENESS
This Stipulation shall become binding and effective on all parties on
the date that this Stipulation has been approved by a final Commission order as
to all its terms without modification, reservation or condition, or with
modification(s), reservation(s) or condition(s) that are acceptable pursuant to
Article VII. While the participants know of no opposition to this Stipulation,
in the event this Stipulation is opposed, it is the intent of the participants
that the Commission approve this Stipulation and allow its effectiveness for all
Non-Contesting Parties. Approval of this Stipulation in accordance with its
terms shall constitute all Commission authority necessary for Iroquois to revise
its tariff in order to place into effect the Settlement Rates and shall
constitute the final disposition of all issues in these proceedings.
ARTICLE VI
WAIVER
Approval of this Stipulation shall constitute any and all waivers of
the Commission's rules and regulations that may be necessary to effectuate the
Stipulation in accordance with all of its terms.
11
ARTICLE VII
NONSEVERABILITY
The various provisions of this Stipulation are not severable, and shall
not become operative unless and until the Commission issues a final order
approving this Stipulation as to all of its terms and conditions without
modification, reservation or condition, or with modification(s), reservation(s)
or condition(s) acceptable to all Non-Contesting Parties.14 Any Non-Contesting
Party that files initial comments supporting the Stipulation or that files no
comments in opposition may not thereafter withdraw its support for the
Stipulation except as specifically provided by this Article VII.
Should the Commission modify, reserve or condition this Stipulation in
a manner that is materially adverse to a Non-Contesting Party, then it shall be
deemed to have accepted such modification(s), reservation(s) or condition(s)
unless, by written notice filed with the Commission and served on all parties no
later than 14 days after issuance of a final Commission order acting on the
Stipulation, such party states its refusal to accept such modification,
reservation or condition. Should a Non-Contesting Party so state its refusal to
accept the Stipulation as modified, reserved or conditioned by the Commission,
it shall confer with the other Non-Contesting Parties to attempt to resolve said
refusal.
------------------------
14 "Non-Contesting Parties" are those participants that either support or do
not oppose this Stipulation. Any party suggesting or requesting in any
manner a modification, reservation or condition to this Stipulation as
originally filed shall not be a Non-Contesting Party regardless of whether
such party characterizes its comments as being in support of the
Stipulation. The provisions of this Article VII shall be subject to waiver
only by the unanimous agreement of the Non-Contesting Parties.
12
Unless said refusal is withdrawn within 14 days after notice of such refusal,
this Stipulation shall be null and void for all parties.
ARTICLE VIII
RESERVATIONS AND CONDITIONS
This Stipulation is submitted pursuant to Rule 602 of the Commission's
Rules of Practice and Procedure, 18 C.F.R. ss. 385.602, and, unless it becomes
effective in accord with Article V, shall be privileged and shall not be
admissible in evidence or in any way described or discussed in any proceeding.
Except for those matters specifically addressed by this Stipulation,
the Participants to this Stipulation shall have the same rights under the NGA
that they would have had absent approval of this Stipulation.
This Stipulation represents a negotiated settlement in the public
interest with respect to the specific matters referred to herein for the sole
purpose of the settlement of the matters agreed to in this Stipulation. The
Commission's approval of this Stipulation shall constitute a finding that the
Stipulation is fair and reasonable and in the public interest for purposes of
settlement, but shall not be a determination on the merits of the specific
provisions of the Stipulation, either jointly or severally. Neither Iroquois,
the Commission, its Staff, nor any other party or person shall be prejudiced or
bound by this Stipulation in any other proceeding, except as specifically
provided in this Stipulation. Neither Iroquois, the Commission, its Staff, nor
any other participant or person shall be deemed to have approved, accepted,
agreed or consented to any concept, theory or principle underlying or supposed
to underlie any of the matters provided for in this Stipulation.
13
The provisions of this Stipulation relate only to the specific matters
referred to in this Stipulation and no party or person waives any claim or right
which it otherwise may have with respect to any matters not expressly provided
for in this Stipulation. Nothing in this Stipulation shall preclude Iroquois
from filing changes in its FERC Gas Tariff which are not inconsistent with its
specific obligations under this Stipulation, and nothing in this Stipulation
shall preclude any party or person from protesting such changes or from seeking
rehearing or a stay of or appealing any adverse Commission order relating to
such changes.
The resolution of any matter in this Stipulation shall not be deemed to
be a "settled practice" as that term was interpreted and applied in Public
Service Commission of the State of New York v. FERC, 642 F.2d 1335 (D.C. Cir.
1980), and shall not be the basis for any decision with regard to the burden of
proof in any litigation with regard to any such matter.
14
NOTICE
UNITED STATES OF AMERICA
FEDERAL ENERGY REGULATORY COMMISSION
In the Matter of )
) Docket Nos. RP94-72-009
Iroquois Gas Transmission System, L.P. ) FA92-59-007
) RP97-126-015
) and RP97-126-000
NOTICE OF OFFER OF SETTLEMENT AND
REVISED TARIFF SHEETS
Take notice that on December 17, 1999, Iroquois Gas Transmission
System, L.P. ("Iroquois") filed an offer of settlement in the form of a
Stipulation and Agreement ("Stipulation"), which would resolve all issues in
these proceedings. As part of the Stipulation, Iroquois tendered for filing the
following revised tariff sheets:
Twenty-Seventh Revised Sheet No. 4
Original Sheet No. 4A
Ninth Revised Sheet No. 5
Fourth Revised Sheet No. 14
Fourth Revised Sheet No. 15
Fourth Revised Sheet No. 29
Fifth Revised Sheet No. 30
Second Revised Sheet No. 75B
Third Revised Sheet No. 75C
The Stipulation resolves: issues regarding the recovery of certain
legal defense costs on remand of Iroquois v. FERC, 145 F.3d 398 (D,C. Cir.
1998); rate case issues from Docket No. RP97-126-000 that are pending appeal in
D.C. Cir. Nos. 99-1175 and 99-1177; and future rate level changes through the
year 2003 and a moratorium on rate changes other than those provided for in the
Stipulation. The Stipulation is supported by Iroquois, the Commission Staff and
all active participants to these proceedings.
Pursuant to 18 C.F.R. ss. 385.602(f)(2), comments regarding the
Stipulation are due 20 days after this filing, i.e., on January 6, 2000, and
reply comments are due 30 days after this filing, i.e., on January 18, 2000.
Any person desiring to protest this filing should file a protest with
the Federal Energy Regulatory Commission, 000 Xxxxx Xxxxxx, X.X., Xxxxxxxxxx,
X.X. 00000, in accordance with Section 385.211 of the Commission's Rules and
Regulations. All such protests must be filed as provided in Section 154.210 of
the Commission's Regulations. Protests will be considered by the Commission in
determining the appropriate action to
be taken, but will not serve to make protestants parties to the proceedings.
Copies of this filing are on file with the Commission and are available for
public inspection in the Public Reference Room. This filing may be viewed on the
web at xxxx://xxx.xxxx.xxx.xx/xxxxxx/xxxx.xxx (call 000-000-0000 for
assistance).
2
LETTER ORDER APPROVING SETTLEMENT
FEDERAL ENERGY REGULATORY COMMISSION
Washington, D.C. 20426
(Letter Order Issued ____________, 2000)
Iroquois Gas Transmission System, L.P.
Xxx Xxxxxxxxx Xxxxx, Xxxxx 000
Xxxxxxx, XX 00000-0000
Attn: Xxxxxxx X. Xxxxxx,
Vice President, General Counsel & Secretary
Reference: Docket Nos. RP94-72-009, FA92-59-007, RP97-126-015, RP97-126-000
Offer of Settlement and Revised Tariff Sheets
Ladies and Gentlemen:
On December 17, 1999, Iroquois Gas Transmission System, L.P.
("Iroquois") filed an offer of settlement in the form of a Stipulation and
Agreement ("Stipulation"), which resolves all issues in these proceedings. As
part of the Stipulation, Iroquois filed the following revised tariff sheets:
Twenty-Seventh Revised Sheet No. 4
Original Sheet No. 4A
Ninth Revised Sheet No. 5
Fourth Revised Sheet No. 14
Fourth Revised Sheet No. 15
Fourth Revised Sheet No. 29
Fifth Revised Sheet No. 30
Second Revised Sheet No. 75B
Third Revised Sheet No. 75C
The Stipulation resolves: issues regarding the recovery of certain
legal defense costs on remand of Iroquois v. FERC, 145 F.3d 398 (D.C. Cir.
1998); rate case issues from Docket No. RP97-126-000 that are pending appeal in
D.C. Cir. Nos. 99-1175 and 99-1177; and future rate level changes through the
year 2003 and a moratorium on rate changes other than those provided for in the
Stipulation. The Stipulation is supported by Iroquois, the Commission Staff and
all active participants to these proceedings.
The Commission has reviewed the Stipulation and accompanying tariff
sheets. Pursuant to Rule 602(g), the Commission finds that the Stipulation is
fair and reasonable and in the public interest. Accordingly, the Commission
approves the Stipulation and accepts the revised tariff sheets to become
effective in accordance with the Stipulation.
This order constitutes final agency action. Requests for rehearing by
the Commission may be filed within 30 days of the date of issuance of this
order, pursuant to 18 C.F.R. ss. 385.713.
By the Commission
cc: All Parties
Public Files
CERTIFICATE OF SERVICE
I hereby certify that I have this day served the foregoing documents
upon each person designated on the official service lists compiled by the
Secretary in these proceedings and on all persons entitled to service of the
filings that initiated these proceedings.
Dated at Washington, D.C. this 17th day of December, 1999.
--------------------------------
Xxxxxx X. Xxxxx
XXXXXX & XXXXXXXX, P.C.
0000 X Xxxxxx, X.X., Xxxxx 000
Xxxxxxxxxx, X.X. 00000
(000) 000-0000
Of Counsel for
Iroquois Gas Transmission System, L.P.
APPENDIX A
SETTLEMENT RATES
RP94-072/RP97-126
[LOGO] IROQUOIS
GAS TRANSMISSION SYSTEM SCHEDULE OF SETTLEMENT RATES
------------------------
IROUOIS PIPELINE COMPANY
OPERATING COMPANY, OPERATOR
DEMAND CHARGES: Incremental Stepdowns Cumulative Stepdowns
------------------------------------ ---------------------------------------------- -------------------------------------------
EFFECTIVE DATES Zone 1 Zone 2 Interzone Zone 1 Zone 2 Interzone
------------------------------------ -------------- ---------------- -------------- -------------- ------------- --------------
1/1/2000 - 12/31/2000 $ - $ - $ - $ - $ - $ -
-------------- ---------------- -------------- -------------- ------------- --------------
1/1/2001 - 12/31/2001 $ (0.1947) $ (0.0973) $ (0.2920) $ (0.1947) $ (0.0973) $ (0.2920)
-------------- ---------------- -------------- -------------- ------------- --------------
1/2/2002- 12/31/2002 $ (0.4867) $ (0.2433) $ (0.7300) $ (0.6813) $ (0.3407) $ (1.0220)
-------------- ---------------- -------------- -------------- ------------- --------------
1/1/2003 - $ (0.2920) $ (0.1460) $ (0.4380) $ (0.9733) $ (0.4867) $ (1.4600)
------------------------------------ -------------- ---------------- -------------- -------------- ------------- --------------
------------------------------------ ---------------------------------------------- -------------------------------------------
COMMODITY CHARGES: Incremental Stepdowns Cumulative Stepdowns
------------------------------------ ---------------------------------------------- -------------------------------------------
EFFECTIVE DATES Zone 1 Zone 2 Interzone Zone 1 Zone 2 Interzone
------------------------------------ -------------- ---------------- -------------- -------------- ------------- --------------
1/1/2000 - 12/31/2000 $ - $ - $ - $ - $ - $ -
-------------- ---------------- -------------- -------------- ------------- --------------
1/1/2001 - 12/31/2001 $ - $ - $ - $ - $ - $ -
-------------- ---------------- -------------- -------------- ------------- --------------
1/1/2002- 12/31/2002 $ - $ - $ - $ - $ - $ -
-------------- ---------------- -------------- -------------- ------------- --------------
1/1/2003 - $ - $ - $ - $ - $ - $ -
------------------------------------ -------------- ---------------- -------------- -------------- ------------- --------------
------------------------------------ ---------------------------------------------- -------------------------------------------
100% LOAD FACTOR RATES Incremental Stepdowns Cumulative Stepdowns
------------------------------------ ---------------------------------------------- -------------------------------------------
EFFECTIVE DATES Zone 1 Zone 2 Interzone Zone 1 Zone 2 Interzone
------------------------------------ -------------- ---------------- -------------- -------------- ------------- --------------
1/1/2000 - 12/31/2000 $ - $ - $ - $ - $ - $ -
-------------- ---------------- -------------- -------------- ------------- --------------
1/1/2001 - 12/31/2001 $ (0.0064) $ (0.0032) $ (0.0096) $ (0.0064) $ (0.0032) $ (0.0096)
-------------- ---------------- -------------- -------------- ------------- --------------
1/1/2002- 12/31/2002 $ (0.0160) $ (0.0080) $ (0.0240) $ (0.0224) $ (0.0112) $ (0.0336)
-------------- ---------------- -------------- -------------- ------------- --------------
1/1/2003 - $ (0.0096) $ (0.0048) $ (0.0144) $ (0.0320) $ (0.0160) $ (0.0480)
------------------------------------ -------------- ---------------- -------------- -------------- ------------- --------------
Privileged
and
Confidential
(For Settlement Purposes)
--------------------------------------------
DEMAND CHARGES: Effective Rates
------------------------------------ --------------------------------------------
EFFECTIVE DATES Zone 1 Zone 2 Interzone Zone 1 MFV
------------------------------------ --------- ---------- ----------- -----------
1/1/2000 - 12/31/2000 $ 8.5370 $ 6.9843 $ 14.1750 $ 5.9892
--------- ---------- ----------- -----------
1/1/2001 - 12/31/2001 $ 8.3423 $ 6.8870 $ 13.8830 $ 5.8635
--------- ---------- ----------- -----------
1/1/2002- 12/31/2002 $ 7.8557 $ 6.6436 $ 13.1530 $ 5.5493
--------- ---------- ----------- -----------
1/1/2003 - $ 7.5637 $ 6.4976 $ 12.7150 $ 5.3607
------------------------------------ --------- ---------- ----------- -----------
------------------------------------ --------------------------------------------
COMMODITY CHARGES: Effective Rates
------------------------------------ --------------------------------------------
EFFECTIVE DATES Zone 1 Zone 2 Interzone Zone 1 MFV
------------------------------------ --------- ---------- ----------- -----------
1/1/2000 - 12/31/2000 $ 0.0030 $ 0.0024 $ 0.0054 $ 0.1754
--------- ---------- ----------- -----------
1/1/2001 - 12/31/2001 $ 0.0030 $ 0.0024 $ 0.0054 $ 0.1688
--------- ---------- ----------- -----------
1/1/2002- 12/31/2002 $ 0.0030 $ 0.0024 $ 0.0054 $ 0.1575
--------- ---------- ----------- -----------
1/1/2003 - $ 0.0030 $ 0.0024 $ 0.0054 $ 0.1506
------------------------------------ --------- ---------- ----------- -----------
------------------------------------ --------------------------------------------
100% LOAD FACTOR RATES Effective Rates
------------------------------------ --------------------------------------------
EFFECTIVE DATES Zone 1 Zone 2 Interzone Zone 1 MFV
------------------------------------ --------- ---------- ----------- -----------
1/1/2000 - 12/31/2000 $ 0.2837 $ 0.2320 $ 0.4714 $ 0.3723
--------- ---------- ----------- -----------
1/1/2001 - 12/31/2001 $ 0.2773 $ 0.2288 $ 0.4618 $ 0.3616
--------- ---------- ----------- -----------
1/1/2002- 12/31/2002 $ 0.2613 $ 0.2208 $ 0.4378 $ 0.3399
--------- ---------- ----------- -----------
1/1/2003 - $ 0.2517 $ 0.2160 $ 0.4234 $ 0.3268
------------------------------------ --------- ---------- ----------- -----------
APPENDIX B
REVISED TARIFF SHEETS
(See the following Sheets of Exhibit 10.4)
o Twenty-Seventh Revised Sheet No. 4
o Original Sheet No. 4A
o Ninth Revised Sheet No. 5
o Fourth Revised Sheet No. 14
o Fourth Revised Sheet No. 15
o Fourth Revised Sheet No. 29
o Fifth Revised Sheet No. 30
o Second Revised Sheet No. 75B
o Third Revised Sheet No. 75C
