Cheniere Creole Trail Pipeline, L.P.

Original Volume No. 1

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Effective Date: 04/28/2008, Docket: RP08-137-000, Status: Effective

Original Sheet No. 147 Original Sheet No. 147 : Pending

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

15. RETAINAGE

 

Transporter shall collect and retain a portion of Shippers' gas ("Retainage")

received by Transporter at Transporter's receipt points to reimburse

Transporter for actual compressor station fuel usage, heater fuel usage,

incidental fuel usage, lost and unaccounted for gas and to account for any

measurement meter tolerance differentials between receipt and delivery meter

points on Transporter's pipeline system. The Retainage shall be expressed as a

percentage rounded to two (2) places on the currently effective Sheet No. 5.

 

The Retainage percentage shall be adjusted downward to reflect reductions and

shall be adjusted upward to reflect increases in compressor station fuel

usage, heater fuel usage, incidental fuel usage, lost or unaccounted for gas

and measurement meter tolerance differentials in accordance with this Section

15.

 

A. Filing Procedures

 

(i) Effective Date of Adjustment

 

The effective date of each Retainage adjustment shall be April 1 and November

1.

 

(ii) At least thirty (30) days prior to the Effective Date of Adjustment

Transporter shall file with the Commission schedules supporting the new

effective Retainage Percentage.

 

(iii) Such filing shall be in lieu of any other rate change filing

required by

the Commission's Regulations under the Natural Gas Act.

 

B. Computation of Effective Retainage Percentage

 

The Effective Retainage Percentage shown on the currently effective Sheet No.

5 shall be the sum of the Current Retainage Percentage and the Annual

Retainage Surcharge.

 

C. Computation of Current Retainage Percentage

 

The Current Retainage Percentage shall be determined on the basis of (i) the

estimated Quantities received by Transporter for the account of Shippers

pursuant to Rate Schedules FTS and ITS and (ii) the projected Quantities of

Gas that shall be required for fuel usage, miscellaneous fuel usage and Lost

and Unaccounted for Gas.