[Federal Register Volume 59, Number 42 (Thursday, March 3, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-4849]


[[Page Unknown]]

[Federal Register: March 3, 1994]


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DEPARTMENT OF ENERGY
[Docket No. GP94-2-000]

 

Columbia Gas Transmission Corp.; Petition for Declaratory Order

February 25, 1994.
    Take notice that on February 18, 1994, Columbia Gas Transmission 
Corporation (Columbia) petitioned the Commission for an order declaring 
that Columbia's interest obligation with respect to the funds which 
Columbia has held in trust for its customers and the Gas Research 
Institute (GRI) in a restricted investment arrangement (RIA) is to pay 
its customers and GRI the interest actually earned on those funds. 
Columbia states that the funds consist of (i) certain refund amounts 
received by Columbia from its upstream pipeline suppliers; and (ii) 
certain surcharges collected by Columbia on behalf of GRI.
    As previously ordered by the Bankruptcy Court and the Commission, 
Columbia states that it has deposited in the RIA (i) approximately 
$131.2 million in upstream pipeline supplier order No. 528 refunds 
received after Columbia's filing for bankruptcy on July 31, 1991 (post-
petition); (ii) approximately $11.7 million in other upstream pipeline 
supplier refunds also received post-petition; and (iii) approximately 
$1 million in post-petition GRI collections. Columbia states that these 
funds were escrowed pending the outcome of litigation as to whether the 
funds are property of Columbia's bankruptcy estate or are held in trust 
by Columbia for its customers and GRI.
    Columbia requests that the Commission issue an order declaring that 
Columbia's interest obligation with regard to the funds deposited and 
held in the RIA is to pay to its customers and GRI the interest 
actually earned on such funds, and not the interest rate prescribed by 
the Commission's regulation at 18 CFR 154.102(c)(2) (1993).
    Columbia states that the filing has been served on Columbia's 
current customers, affected state commissions and public interest 
agencies, and the Gas Research Institute.
    Any person desiring to be heard or to protest said filing should 
file a motion to intervene or protest with the Federal Energy 
Regulatory Commission, 825 North Capitol Street NE., Washington, DC 
20426, in accordance with 18 CFR Sections 385.214 and 385.211 of the 
Commission's Rules and Regulations. All such motions or protests should 
be filed on or before March 17, 1994. 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 proceeding. Any 
person wishing to become a party must file a motion to intervene. 
Copies of this filing are on file with the Commission and are available 
for public inspection in the public reference room.
Lois D. Cashell,
Secretary.
[FR Doc. 94-4849 Filed 3-2-94; 8:45 am]
BILLING CODE 6717-01-M