Garden Banks Gas Pipeline, LLC

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 05/10/2010, Docket: RP10-594-000, Status: Effective

Original Sheet No. 147 Original Sheet No. 147

 

GENERAL TERMS AND CONDITIONS

 

evaluation period), the value of bids and requests at

the Negotiated Rate(s) or rate(s) under a Negotiated

Rate Formula shall be evaluated as though the Recourse

Rate applied under such bid or request for the entire

evaluation period. Where the Negotiated Rate(s) or

rate(s) under the Negotiated Rate Formula result in

revenue which is less than revenue at the Recourse

Rate over the relevant evaluation period, the value of

the bids or requests at the Negotiated Rate(s) or

rate(s) under the Negotiated Rate Formula shall be

evaluated based on such lower revenue and shall be

afforded a correspondingly lower priority than bids or

requests at the Recourse Rate.

 

 

(b) In allocating capacity among competing requests where

one or more request is at a Negotiated Rate(s) or

Negotiated Rate Formula, Transporter will consider, in

assigning value to such request(s), only reservation

or demand charge revenue or other revenue which is

guaranteed to be received by Transporter (i.e.,

through a minimum throughput condition or minimum

bill). For capacity evaluation purposes, the value of

any such request shall be capped by the value of the

maximum applicable reservation rate for such service

over the contract term bid.

 

 

37.3 ACCOUNTING FOR COSTS AND REVENUES

 

The allocation of costs to, and the recording of

revenues from service at Negotiated Rate(s) will follow

Transporter's normal practices associated with all of

its services under this Tariff. Transporter will

maintain separate records of Negotiated Rate and

Negotiated Rate Formula transactions for each billing

period. These records shall include the volumes

transported, the billing determinants (contract MDQ),

the rates charged and the revenue received associated

with such transactions. Transporter will separately

identify such transactions in Statements G, I and J (or

their equivalent) filed in any general rate proceeding.