REGULATORY MATTERS

9 Months Ended

Sep. 30, 2012

REGULATORY MATTERS

REGULATORY MATTERS

NOTE 12                      REGULATORY MATTERS

Tuscarora – On March 9, 2012, Tuscarora received approval from the FERC for the Tuscarora Settlement. The Tuscarora Settlement includes three-year contract extensions to the term of a number of contracts with Tuscarora’s largest customer, provides for new rates effective January 1, 2012, and a moratorium on the filing of future rate proceedings under NGA Sections 4 or 5 until December 31, 2014. Pursuant to the Tuscarora Settlement, Tuscarora has no future obligation to file a Section 4 rate case.