Southeast Supply Header, LLC

Original Volume No. 1

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Effective Date: 06/28/2010, Docket: RP10-783-000, Status: Effective

First Revised Sheet No. 348 First Revised Sheet No. 348

Superseding: Original Sheet No. 348

 

GENERAL TERMS AND CONDITIONS

(CONTINUED)

 

35. DISCOUNT POLICY (continued)

 

(vii) so that the applicable rate may be adjusted in the

following manner: when one rate component, which was

equal to or within the applicable Maximum Recourse Rates

and Minimum Recourse Rates at the time Shipper received

the Discount Confirmation pursuant to Section 35.5 below

specifying the terms of the discount, subsequently

exceeds the applicable Maximum Recourse Rate or is below

the applicable Minimum Recourse Rate, so that such rate

component must be adjusted downward or upward to equal

the new applicable Maximum Recourse Rate or Minimum

Recourse Rate, then other rate components may be

adjusted upward or downward to achieve the agreed-upon

overall rate, so long as none of the resulting rate

components exceed the Maximum Recourse Rate or are below

the Minimum Recourse Rate applicable to the rate

component (such changes to rate components shall be

applied prospectively, commencing with the date a

Commission order accepts a revised Statement of Rates;

however, nothing contained herein shall be construed to

alter a refund obligation under applicable law for any

period during which rates which had been charged under a

Discount Confirmation exceeded rates which ultimately

are found to be just and reasonable); and/or

(viii) based upon published index prices for specific Receipt

Points and/or Delivery Points or other agreed-upon

published pricing reference points for price

determination (such discounted rate may be based upon a

single published index price or the differential between

published index prices or arrived at by formula;

provided that the discounted rate shall not change the

underlying rate design, shall not include any minimum bill or

minimum take obligation, and shall define the rate component

to be discounted). Notwithstanding the foregoing, no

discounted rate shall be less than the applicable Minimum

Recourse Rate.