TRANSCONTINENTAL GAS PIPE LINE COMPANY, LLC
Critical: N
Notice Eff Date: 04/30/2024
Notice Eff Time: 13:30:24 CDT
Notice End Date: 06/30/2024
Notice End Time: 00:00:00 CDT
Notice ID: 14521636
Notice Stat Desc: Initiate
Notice Type Desc: Other
Post Date: 04/30/2024
Post Time: 13:30:24 CDT
Prior Notice: 0
Reqrd Rsp Desc: No response required
Rsp Date:
Rsp Time:
TSP: 007933021
TSP Name: TRANSCONTINENTAL GAS PIPE LINE COMPANY, LLC

Notice Text:

Subject: Eminence Abandonment Cost Report for Caverns 1-4

In accordance with Article I, Section A.5(b) of Transco’s approved Stipulation and Agreement (“Agreement”) in Docket Nos. RP12-993-000, et al, and Article I, Section 1.5(b) of Transco’s approved Stipulation and Agreement in Docket Nos. RP18-1126-000, et al, Transco provides the following information regarding the regulatory asset pertaining to the Eminence Abandonment Costs described in Article I, Section A.5(a) of the Agreements:

 

  1. No Proceeds1/ were received during the annual period ending February 29, 2024.

 

  1. Amount of annual amortization collected for the following time periods:

Time Period

Amount

3/1/2013 – 2/28/2014

$     5,687,877

3/1/2014 – 2/28/2015

$     4,642,330

3/1/2015 – 2/29/2016

$     4,535,483

3/1/2016 – 2/28/2017

$     4,832,500

3/1/2017 – 2/28/2018

$     4,403,388

3/1/2018 – 2/28/2019

$     3,903,028

3/1/2019 – 2/29/2020

$     4,519,489

3/1/2020 – 2/28/2021

$     4,466,380

3/1/2021 – 2/28/2022

$     3,845,352

3/1/2022 – 2/28/2023

 $     3,898,112

3/1/2023 – 2/29/2024

 $     4,386,390

   Total Collected

$   49,120,329

 

Regulatory Asset Balance:

 

 

 

 

 

 

 

Regulatory Asset beginning balance @ 3/1/2013

$

88,900,000

 

   Proceeds received x 50%

$

(16,052,500)

2/

Regulatory Asset less Allocated Proceeds

$

72,847,500

 

   Amortization Amount Collected through 02/29/2024

$

(49,120,329)

 

Regulatory Asset Balance @ 2/29/2024

$

23,727,171

 

 

1/    “Proceeds” is defined as insurance proceeds received by Transco and proceeds received by Transco from responsible third parties, excluding any proceeds received by Transco for gas losses, pursuant to claims by Transco related to the December 2010 event at the Eminence Storage Field.

2/   In accordance with Article I, Section A.5(b) of the Agreement, Transco made a limited Section 4 rate filing on May 1, 2014 in Docket No. RP14-833-000 to be effective June 1, 2014, to reduce rates in recognition of the reduction in the annual amortization amount of the regulatory asset due to the receipt of Proceeds (“May 1 Filing”). The Commission issued a letter order on May 28, 2014 approving the May 1 Filing.

 

If you have any questions, please contact Whitney Wiener at (281)222-7439 or by email at whitney.h.wiener@williams.com.