Equitrans, L. P.

Original Volume No. 1

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Effective Date: 05/16/2010, Docket: RP10-616-000, Status: Effective

Fourth Revised Sheet No. 306 Fourth Revised Sheet No. 306

Superseding: Third Revised Sheet No. 306

 

GENERAL TERMS AND CONDITIONS (Continued)

 

33. CREDITING OF PENALTY REVENUES

 

33.1 Generally. The purpose of this Section is to provide the

mechanism by which Equitrans will credit penalty revenues to

Customers.

 

33.2 Eligible Penalty Revenues. Eligible Penalty Revenues shall

include all penalty amounts assessed and actually collected by

Equitrans during the calendar year pursuant to the penalty

provision of Section 8.9, 9.7, 11.6, and 12.7 of the General

Terms and Conditions of Equitrans' FERC Gas Tariff, Sections 5.4

and 6.6 of Rate Schedule 115SS, Sections 5.4 and 6.7 of Rate

Schedule 60SS and Sections 5.3 and 6.5 of Rate

Schedule SS-3. Eligible penalty revenue shall exclude any gas

costs and storage injection costs related to the 97% injection

requirement for storage injection under Rate Schedules 115SS,

60SS and SS-3.

 

33.3 Mechanism. At the end of the calendar year, Equitrans will

calculate the amount of Eligible Penalty Revenues. Equitrans

will credit Eligible Penalty Revenues, plus interest calculated

in the manner provided for by Section 154.501(d) of the

Commission's Regulations, to all Customers on a

pro-rata basis based on each such Customer's contract MDQ under

Rate Schedules NOFT, FTS, and STS-1, and each Customer's

throughput during the calendar year for Rate Schedule ITS;

provided however that Customers who were penalized during the

year shall not be credited for any portion of the penalty amount

which they paid. Equitrans shall credit the invoices of such

Customers within 60 days after the end of the calendar year.