Destin Pipeline Company, L.L.C.
Original Volume No. 1
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Effective Date: 05/01/1999, Docket: RP99-266-000, Status: Effective
First Revised Sheet No. 90 First Revised Sheet No. 90 : Effective
Superseding: Original Sheet No. 90
GENERAL TERMS AND CONDITIONS
(Continued)
14.2 Revenue Crediting Provision:
At the end of the 12th full calendar month following the
in-service date of COMPANY's pipeline system and at the end of the
same month each succeeding calendar year, COMPANY shall accumulate the
difference between (i) the amounts received by COMPANY under Sections
14.1(b) and (h) above and Section 2.2 of an Operational Balancing
Agreement and (ii) the amounts paid by COMPANY under Sections 14.1(c)
and (h) above and Section 2.2 of an Operational Balancing Agreement.
If the difference between said amounts, whether more is paid or received,
exceeds $250,000, COMPANY shall credit or surcharge, as appropriate and as
hereinafter provided, said amount. If the difference between said
amounts, whether paid or received, is less than or equal to $250,000,
said difference shall be carried over to the calculation made under
this Section during the next 12-month period. If the difference
between said amounts reflects net receipts by COMPANY in excess of
$250,000, COMPANY shall credit, within sixty (60) days following the
end of each such 12-month period, each SHIPPER which transported gas
under COMPANY's rate schedules during said 12-month period with its
pro rata share of such accumulated amounts. Each SHIPPER's pro rata
share shall be determined by multiplying the gas volumes stated in
Dths transported for such SHIPPER during the applicable 12-month
period by a unit rate calculated by dividing the total amounts
accumulated pursuant to this Section 14.2 for such 12-month period by
the total throughput stated in Dths experienced by COMPANY during
such 12-month period. If the difference between said amounts
reflects net payments by COMPANY in excess of $250,000, COMPANY shall
apply a surcharge to the Transportation Charge otherwise applicable,
to be filed within 60 days following the end of each such 12-month
period, to all volumes transported under COMPANY's rate schedules
during the remainder of the subsequent 12-month period. Such
surcharge shall be computed based on the net payment balance and the
total throughput stated in Dths experienced by COMPANY during the
applicable 12-month period.