Black Marlin Pipeline Company

First Revised Volume No. 1

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Effective Date: 11/01/2002, Docket: RP02-568-000, Status: Effective

First Revised Sheet No. 213F First Revised Sheet No. 213F : Superseded

Superseding: Substitute Original Sheet No. 213F

GENERAL TERMS AND CONDITIONS

(continued)

 

10.A.INTERRUPTIBLE REVENUE SHARING

 

Beginning with the twelve (12)-month period ending October 31, 1994, and

at the end of each twelve (12)-month period ending October 31 there-

after, Transporter shall determine the net transportation revenue

generated from Transporter's Offshore System under all interruptible

transportation rate schedules during the preceding November through

October period by deducting from the total amount of such revenues the

following:

 

(a) variable costs and applicable surcharges. For the purpose of this

Section (a) variable costs shall mean the Rate Schedule FTS

commodity rate multiplied by the volumes delivered under

Transporter's interruptible rate schedules; and

 

(b) fixed cost allocated to Transporter's interruptible transportation

service.

 

The interruptible revenues remaining after deducting (a) and (b) shall

be referred to as "Net Interruptible Revenues". If Net Interruptible

Revenues are positive, then Transporter shall credit ninety percent

(90%) of Net Interruptible Revenues plus interest computed according to

Section 154.67 of the Commission's Regulations to Shippers under

Transporter's firm transportation rate schedules based on the ratio that

each Shipper's revenues generated from non-discounted Reservation

Charges bear to the total revenues generated from all non-discounted

Reservation Charges during the 12-month period.

 

Transporter shall have the right to retain all surcharges, variable

costs, and fixed costs up to the amount allocated to interruptible

transportation as described above, and ten percent (10%) of Net

Interruptible Revenues. Revenues generated from Transporter's Onshore

System shall not be subject to revenue sharing.