Dauphin Island Gathering Partners

First Revised Volume No. 1

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Effective Date: 09/01/2010, Docket: RP10-467-001, Status: Effective

Substitute Original Sheet No. 245 Substitute Original Sheet No. 245

 

22.4 Calculation of the Storm Surcharge

 

(a) Transporter shall establish and maintain a Storm Surcharge

Deferred Cost Account with its initial balance equal to the

sum of the Eligible Costs for the twelve-month period ending

December 31, 2009. For each billing month thereafter and to

ensure a true-up of the Eligible Costs, the Storm Surcharge

Deferred Cost Account shall be (i) debited by the actual

Eligible Costs incurred after December 31, 2009; (ii)

credited by the Storm Surcharge amounts collected by

Transporter; (iii) credited by amounts related to eligible

costs recovered through insurance or third parties; and (iv)

debited or credited, as appropriate, by the carrying charges

on the balance in the Storm Surcharge Deferred Cost Account,

calculated in accord with Section 154.501 of the

Commission's Regulations.

 

(b) Any capital costs that are Eligible Costs shall be recovered

as expenses through the Storm Surcharge Deferred Cost

Account without any associated return, depreciation or taxes

(other than carrying charges as provided for in Section

22.4(a) above).

 

(c) The subsequent Storm Surcharges, to be effective April 1 of

each year, shall equal (i) the balance in the Storm Surcharge

Deferred Cost Account (including carrying charges) as of the

prior December 31, divided by (ii) projected transportation

throughput on Transporter's Facility for the 12-month period

beginning April 1.

 

(d) The Storm Surcharge shall not exceed $0.015 per Dth.

However, the $0.015 per Dth cap will not serve to limit the

recovery of any Eligible Costs credited to the Storm

Surcharge Deferred Cost Account.