When a Reference
Tariff is first proposed for a Reference Service provided by a Covered
Pipeline that has come into existence after the commencement of the Code, the
initial Capital Base for the Covered Pipeline is, subject to section 8.13, the
actual capital cost of those assets at the time they first enter service. A
new Pipeline does not need to pass the tests described in section 8.16(a).
[Section 8.12 amended: Gazette
2 May 2003 p. 1526.]