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
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
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
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.