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State of Maine Maritimes Settlement Fund |
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On June 28, 2005, Maritimes & Northeast Pipeline, L.L.C. (Maritimes) and other parties to Federal Energy Regulatory Commission Docket No. RP04-360-000 filed an offer of settlement to resolve all issues in the general section 4 rate proceeding. By FERC Order Issued May 15, 2006, the Settlement was Approved. |
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Pursuant to Article I of the Stipulation and Agreement, the Maine Public Advocate has appointed Rolka Loube Saltzer Associates (fka Rhoads & Sinon Group, LLC) as Trustee for the purpose of establishing, maintaining and administering an interest-bearing escrow account to receive and distribute proceeds to be disbursed annually by Maritimes for distribution to natural gas customers within the State of Maine. The escrow account is to contain annual payments of $750,000 made by Maritimes to the appointed Trustee during calendar year 2006 and annually thereafter through 2009. Annually the Trustee will set a credit level of not more than $0.025 per decatherm (Dth) and not less than $0.015 per Dth based upon the level of the account at the beginning of the year. The credit shall be the same for every end-use customer. End-use customers are any customers located in Maine and who are end-use consumers of natural gas that is delivered over the Maritimes system. Maritimes Settlement Fund Monthly Performance Report
For additional information, contact us. |
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