Columbia Gulf Transmission Company

Second Revised Volume No. 1

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Effective Date: 08/01/2008, Docket: RP07-174-000, Status: Suspended

Original Sheet No. 216C Original Sheet No. 216C : Suspended

 

GENERAL TERMS AND CONDITIONS (Continued)

 

19.7 Annual Cash-Out Report.

 

Transporter will file an Annual Cash-Out Report that will calculate, on a system-wide basis, the

annual gross revenue balance (positive or negative) derived from the cash-out program, using the following

procedure:

 

(a) Transporter will determine the cash balance and volumetric gas balance (“Cash Pool”) of its

cash-out program as of May 31 on an annual basis, including the cash subject to credit calculation (“Cash

Pool Determination”). On or before September 1, Transporter will file a report with the Commission which

provides the results of the Cash Pool Determination as calculated below. Any positive Cash Pool Determination

will be credited to Shippers. Any positive Cash Pool Determination subject to crediting pursuant to this

provision will be credited to shippers by September 30 pro rata based on transportation throughput for the

twelve month period ending on May 31. Any deficiency of cash shall be carried forward to the next Cash Pool

Determination.

 

(1) If the Cash Pool balances include a positive or zero volumetric gas balance and a

positive cash balance, the resulting positive Cash Pool Determination will be subject to crediting.

 

(2) If the Cash Pool balances include a negative volumetric gas balance and a positive cash

balance, the following formula will be used to determine if there is a positive Cash Pool

Determination that will be subject to crediting.

 

Positive cash balance + (Negative volumetric gas balance * August NYMEX gas closing price) =

Cash Pool Determination.

 

 

(b) Transporter will carry forward to its next annual Cash-Out report any positive Cash Pool

Determination that is less than $250,000.

 

(c) Interest will be calculated on the balances in the Cash Pool in accordance with Section

154.501(d) of the Commission’s Regulations.