Definitions for "TRANSITION COSTS"
Costs incurred by pipelines to implement the restructuring provisions of Order #636. According to the Order, pipelines will be allowed to recover all such costs, provided they are prudently incurred.
Costs associated with the change of an industry from a regulated, bundled service to a competitive open-access service, including “Stranded Costs.
Costs being passed on to utilities from interstate pipeline companies as a result of the federally-mandated restructuring of the natural gas pipeline industry.