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This excerpt taken from the ITC 8-K filed Jan 23, 2007. SETTLEMENT PAYMENTS METC will pay to the customers under the TEMT identified in Attachment B to this Settlement Agreement the amounts shown in Attachment B. These amounts, which in the aggregate shall equal $20 million, will be paid by METC within thirty (30) days of a Final Order approving this Settlement Agreement, including approval of the aggregate and allocated amounts shown in Attachment B without modification or condition. Absent the customers identified in Attachment B providing METC with specific payment information within fifteen (15) days of such Final Order, METC will send such payments to the customers’ last known billing address. METC’s payment pursuant to this Article VI shall be in lieu of any and all refund and/or refund with interest requirement(s) in this proceeding in connection with METC’s rates in the Michigan Joint Zone under the TEMT in effect on and after January 1, 2006. METC shall have no other refund obligation or liability in Docket No. ER06-56, beyond
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payment of the amounts specified in this Article VI and Attachment B to this Settlement Agreement. |
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