Dominion Cove Point LNG, LP

Original Volume No. 1

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Effective Date: 04/01/2009, Docket: RP09-399-001, Status: Effective

Original Sheet No. 205B Original Sheet No. 205B

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

1. DEFINITIONS (Continued)

 

1.42.B.Firm Import Shipper Capped Retainage Percentage (Continued)

 

If the cumulative Cap Period Over Recovery is 300,000 Dth or greater at the end

of any calendar quarter, then Operator will make a Retainage filing in accordance

with Section 1.42.A. above if such a filing would result in a Retainage

percentage that is less than three percent (3.0%). If the cumulative Cap Period

Over Recovery is less than 300,000 Dth, then the balance will be carried forward

to the subsequent period.

 

Any under or over recovered balance existing at the beginning of a Cap Period

will be included in the determination of reimbursable quantities for the first

calendar quarter. Any Cap Period Under or Over recovered balance existing at the

end of a Cap Period will be treated in accordance with Section 1.42.A. above.

 

1.42.C.Buyer's Under- or Over-Recovery Upon Termination of Service

 

Upon termination of service under each firm Rate Schedule, Buyer shall deliver to

Operator at Buyer's Receipt Point, Buyer's pro rata share of under-recovered

Retainage quantities from the effective date of Operator's most recent adjustment

filing through the date of termination or, as the case may be, Operator shall

provide Buyer at Buyer's Delivery Point, Buyer's pro rata share of any excess

quantities retained by Operator from the effective date of Operator's most recent

adjustment filing through the date of termination. Operator's currently

effective Retainage percentages shall be posted on Operator's EBB.