Hello All- Attached above are the cover letter and proposed tariff sheets filed by Texas Eastern yesterday for a June 1 effective date. The rate changes reflect under recoveries in their ASA account which tracks their cash-out mechanism and increased cost of system fuel. The underrecovery in the ASA account has increased from $22,000 to over $22,000,000 over the period September 1--March 31. Texas Eastern claims that this is largely a result of the gaming of their currently monthly cash-out (which will likely be changed to weekly in their 637 proceeding). As a result, Texas Eastern is seeking a waiver of the annual filing period in order to begin collecting the underrecovery through a surcharge that would amount to as much as $.0354 from ELA-M3. Texas Eastern proposes to begin recovery in June so as to extend the recovery period from 12 months (Dec-Nov) to 18 months (Jun-Nov), which will lower the level of the surcharge.

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Change in Tetco Rates for June 1