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.