Algonquin Gas Transmission, LLC

Fifth Revised Volume No. 1

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Effective Date: 12/01/2009, Docket: RP10-117-001, Status: Effective

Second Revised Sheet No. 591 Second Revised Sheet No. 591

Superseding: First Revised Sheet No. 591

 

GENERAL TERMS AND CONDITIONS

(continued)

 

32.FUEL REIMBURSEMENT QUANTITY (continued)

 

32.5 True Up.

 

(a) FRQ Deferred Account. Algonquin shall determine the monthly difference between

(i) the actual quantity of gas realized as a result of application of this

Section 32 and (ii) the actual quantity of Company Use Gas for the Month less any

quantity of gas obtained during the Month pursuant to Section 29. The under- or

over-realization of in-kind compensation gas shall be recorded as a debit or a

credit, as the case may be, each Month in the FRQ Deferred Account. A monetary

value shall be assigned to the volume debited to the FRQ Deferred Account based

on amounts paid by Algonquin in obtaining gas to support the under-realization of

in-kind compensation gas. Furthermore, a monetary value shall be assigned to the

volume credited to the FRQ Deferred Account utilizing the base index price in

effect for purposes of resolving imbalances incurred during the Month at

Lambertville, New Jersey, on the Texas Eastern system. The FRQ Deferred Account

shall be debited for any amounts paid pursuant to Section 29.4. The FRQ Deferred

Account shall also be debited or credited, as appropriate, for the net proceeds

resulting from the resolution of imbalances under agreements cashed out in

accordance with Section 25 of the General Terms and Conditions and Sections 7.6

and 8 of Rate Schedule PAL. The FRQ Deferred Account shall also be credited with

the value of the gas retained by Algonquin pursuant to Section 7.5 of Rate

Schedule PAL. The FRQ Deferred Account shall be accumulated in twelve-month

accumulation periods, August to July. A separate sub-account shall be maintained

in the FRQ Deferred Account for each incremental service as required by

Commission order.

 

(b) Carrying Charges. Each Month the FRQ Deferred Account shall be debited (if the

balance in said account is a debit balance) or shall be credited (if the balance

in said account is a credit balance) for a carrying charge, which shall be

determined by the product of (1) and (2) below: