Garden Banks Gas Pipeline, LLC

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 11/01/1999, Docket: RP00- 19-000, Status: Effective

Original Sheet No.310 Original Sheet No.310 : Effective

 

FORM OF NGL BANK AGREEMENT

 

ARTICLE V

SETTLEMENTS

Cont'd

 

5.3 Administrative Fees cont'd

 

Any additions or modifications to the model used to

calculate the NGL Bank settlements as provided in Section 5.1,

other than those relating to new shipper setup, shall be charged

by Administrator at $500/day, not to exceed $1,000.00 per

occurrence. Any such fees shall be charged to shippers based on

the above allocation.

 

On and after October 1, 1999, each new shipper or agent on

Transporter's Facility shall be charged a one-time fee of

$1,000.00 by Administrator in addition to the monthly pro-rated

administrative fees noted above.

 

All fees provided for in this Section 5.3 shall be adjusted

as of the first day of June each year commencing June 1, 2000.

The adjustment shall be computed by multiplying the cost and/or

fee then in use by the percentage increase or decrease in the

average weekly earnings of Crude Petroleum and Gas Production

Workers for the last calendar year compared to the calendar year

preceding as shown by the Index of average weekly earnings of

Crude Petroleum and Gas Production Workers as published by the

United States Department of Labor, Bureau of Labor Statistics.

Such adjustment shall be effective June 1, and shall be

applicable from said date until May 31 of the following year.

 

5.4 NGL Bank Billings and Payments. Administrator shall invoice

Shipper or its designated agent for any net NGL bank settlement

amounts due (if applicable) and NGL Bank administrative fees in

the month following the month in which all necessary data is

received by the Administrator to perform NGL Bank settlement

calculations. If Administrator has not received such data by the

time it receives the Bluewater Plant allocation, Administrator,

at its sole discretion, may make reasonable approximations in

lieu of late or missing data. Shipper agrees that it, or its

designated agent, will abide by and will pay any such invoice in

accordance with the provisions of Sections 14.2 through 14.7 of

the General Terms and Conditions of Transporter's Original Volume

No. 1 Gas Tariff ("GT&C"). If, for any month, Administrator is

required to distribute NGL Bank settlement funds to Shipper,

Administrator shall be entitled, in its sole discretion, to net

the amount of any such NGL Bank settlement funds owed to Shipper

against the administrative fees owed by Shipper to Administrator

for such Month, in which case Administrator shall distribute to

Shipper the excess (if any) of such NGL Bank settlement funds

owed to Shipper over such administrative fees owed by Shipper to

Administrator.