Dominion Cove Point LNG, LP

Original Volume No. 1

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Effective Date: 01/01/2007, Docket: RP06-417-004, Status: Effective

Original Sheet No. 286 Original Sheet No. 286 : Effective

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

 

31. REVENUE CREDITING

 

(a) Revenues to be credited by revenue category:

 

(1) One hundred percent (100%) of the Base Tariff Rate Reservation component of the

revenues from Rate Schedule LTD-2;

 

(2) One hundred percent (100%) of the Base Tariff Rate Commodity revenues from Rate

Schedule OTS;

 

(3) Ninety percent (90%) of the Base Tariff Rate Reservation component of the revenues

from Rate Schedule ITS; and

 

(4) Ninety percent (90%) of the Base Tariff Rate Reservation component of (i) the

overrun revenues from all Rate Schedules and (ii) the revenues from Rate Schedule

FTS service agreements with terms of less than one year.

 

(b) Revenue credit eligibility:

 

(1) Rate Schedule LTD-2 revenues described in Section 31(a)(1) above shall be

allocated among Buyers taking service under Rate Schedules LTD-1, FPS-1, FPS-2

and FPS-3;

 

(2) Rate Schedule OTS commodity revenues described in Section 31(a)(2) above shall be

allocated among Buyers taking service under Rate Schedules FPS-1, FPS-2 and FPS-

3;

 

(3) Rate Schedule ITS revenues described in 31(a)(3) above, short-term Rate Schedule

FTS revenues described in Section 31(a)(4) above and FTS overrun revenues

described in 31(a)(4) above shall be allocated among all Buyers taking service

under Rate Schedule FTS, including Cove Point East Buyers; and

 

(4) Overrun revenues from Rate Schedules LTD-1, FPS-1, FPS-2 and FPS-3 described in

Section 31(a)(4) above shall be allocated among Buyers taking service under Rate

Schedules LTD-1, FPS-1, FPS-2 and FPS-3.

 

(c) The revenue identified for each revenue category set forth in Section 31(b) above

shall be allocated based on each respective Buyer's actual base reservation revenue

contribution as a percentage of the total base reservation revenue contribution of all

eligible Buyers during the annual revenue crediting period (or portion thereof, if

applicable).

 

(d) Operator shall refund the June 30 balances for each revenue category, including

interest, by September 1 of each year. Refunds shall be distributed by check, wire

transfer or as a separately identifiable credit to Buyer's invoice for August

business, as requested by Buyer. However, where Buyer's refund is less than $10,000

or where Buyer has failed to notify Operator of its desired method of distribution,

Operator shall determine the method of distribution.

 

(e) By no later than October 1 of each year, Operator shall file a report with the

Commission setting forth the amount of revenues, by Rate Schedule, credited to each

customer.

 

(f) Revenues subject to crediting that are collected by Operator shall accrue interest

calculated pursuant to Section 154.501(d) of the Commission's regulations until

distributed.