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. 148 Original Sheet No. 148 : Pending

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

D. Computation of the Annual Retainage Surcharge

 

(i) The Annual Retainage Surcharge shall be computed by dividing the

balance, no more than three Months prior to April 1, of the Deferred Retainage

Account by the Quantity of gas projected to be received pursuant to Rate

Schedules FTS and ITS for the Recovery Period.

 

(ii) The Recovery Period for the Annual Retainage Surcharge shall be the

twelve (12) billing Months beginning April 1.

 

(iii) Transporter shall maintain a Deferred Retainage Account with

appropriate

sub-accounts, beginning with the effective date of this Section 15. For each

billing Month, the applicable sub-accounts shall be increased or decreased for

a positive or negative change in Retainage for the billing Month.

 

(iv) The deferred Retainage for each billing Month shall be the difference

between (1) the applicable currently effective Retainage percentage for the

billing Month multiplied by the Quantity of gas received by Transporter for

transportation during the billing Month and (2) the actual Quantity of Gas

expended for fuel usage, including miscellaneous fuel usage, and lost or

unaccounted for Gas during the billing Month.

 

(v) The Annual Retainage Surcharge shall also include any percentage change

for measurement meter tolerance differentials between receipt and delivery

meter points.

 

E. Notice of Responsibility of Deferred Amounts

 

In the event this Section 15 shall be changed in any manner that adversely

affects Transporter's recovery of the full amount of retainage gas amounts

reflected in its deferred retainage accounts, each Shipper that received

transportation service during the period affected by such retainage adjustment

deferred account shall be responsible to Transporter for its proportionate

share of the amount of Transporter's unrecovered deferred retainage amounts

for the transportation services which they were provided.