Algonquin Gas Transmission, LLC

Fifth Revised Volume No. 1

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Effective Date: 11/30/2009, Docket: RP10-77-000, Status: Effective

Second Revised Sheet No. 610 Second Revised Sheet No. 610

Superseding: First Revised Sheet No. 610

 

GENERAL TERMS AND CONDITIONS

(continued)

 

41. REVENUE CREDITS (continued)

 

period beginning on May 1, the threshold for revenue crediting hereunder shall

consist of a time-weighted average of the amounts allocated to Rate Schedules

AIT-1 and PAL during the periods when the various AIT-1 and PAL rates are in

effect. Algonquin shall retain the remainder of the Eligible Revenues and

Excess Eligible Revenues not required to be credited or refunded.

 

(ii) Rate Schedule AIT-2. Beginning with the Month following the Month in which

Algonquin's cumulative annual revenues stemming from commodity charges and

authorized overrun charges under Rate Schedule AIT-2 exceed the dollar amount

allocated to Rate Schedule AIT-2 in Algonquin's currently effective rates

("Excess Eligible Revenues"), if any, Algonquin shall credit to current Month

invoices under the applicable rate schedules 50% of the Excess Eligible Revenues

received during the prior Month. For purposes of determining cumulative annual

revenues under Rate Schedule AIT-2, the annual period shall commence on May 1 of

each year. In the event that two or more maximum rates for service under Rate

Schedule AIT-2 are applicable during the same twelve month period beginning on

May 1, the threshold for revenue crediting hereunder shall consist of a time-

weighted average of the amounts allocated to Rate Schedule AIT-2 during the

periods when the various AIT-2 rates are in effect. Algonquin shall retain the

remainder of the Eligible Revenues and Excess Eligible Revenues not required to

be credited or refunded.

 

(d) Apportionment of Eligible Revenues. Eligible Revenues attributable to a Month

shall be apportioned among all Customers under the applicable rate schedules by

applying the following ratio for each Customer: (a) the Customer's total MDTQ in

effect during that Month under the applicable rate schedules (b) divided by the

summation of the total MDTQs in effect during that Month for all Customers under

the applicable rate schedules; provided, however, that no Customer shall receive

a credit under this Section 41.1 in excess of its reservation charges under the

applicable rate schedules for that Month, with such excess being reallocated to

the other Customers under the applicable rate schedule in accordance with the

above ratios.

 

(e) Credits Subject to Refund. In the event that any revenues credited pursuant to

Section 41.1 are subject to refund, and are ultimately required to be refunded

to Customers under Rate Schedules AIT-1 and PAL or Rate Schedule AIT-2,

Algonquin shall recalculate the revenue credits that would have been due to

Customer if the AIT-1 and PAL rates or AIT-2 rate, respectively, used for

purposes of the refund computation