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.