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.