Southeast Supply Header, LLC
Original Volume No. 1
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Effective Date: 09/04/2008, Docket: CP07-44-005, Status: Effective
Original Sheet No. 350 Original Sheet No. 350
GENERAL TERMS AND CONDITIONS
(CONTINUED)
35. DISCOUNT POLICY (continued)
35.6 If Transporter's recourse rates are subject to refund at any
time during the effectiveness of a Discount Confirmation, with
respect to the applicable discounted rate, Shipper shall be
entitled to refunds of payments made by Shipper only in the
event that the final, non-appealable Maximum Recourse Rate,
whether usage-based or reservation-based, as determined by the
Commission for a given time period is lower than the rate
actually paid by Shipper during such time period. Subject to
the condition precedent set forth in the immediately preceding
sentence, Shipper's principal refund amount shall be equal to
(i) with respect to usage-based rates, the product of (aa) the
positive difference between the final, non-appealable Maximum
Recourse Rate and the discounted rate, and (bb) the quantities
of Gas delivered to Shipper, or for Shipper's account, during
the refund period; and (ii) with respect to reservation-based
rates, the product of (cc) the positive difference between the
final, non-appealable Maximum Recourse Rate and the discounted
rate, (dd) the MDQ covered by the discounted rate, and (ee)
the number of Months in the refund period (partial Months
shall be prorated for the number of Days in the Month that
fall within the refund period and a discounted rate that is
not a Monthly rate shall be adjusted for purposes of this
calculation to reflect the Monthly equivalent of the rate).