Granite State Gas Transmission, Inc.

Third Revised Volume No. 1

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Effective Date: 05/07/2020, Docket: RS93- 1-001, Status: Accepted

Original Sheet No. 237 Original Sheet No. 237 : Effective

 

 

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

19. FLOW THROUGH OF FIXED TAKE-OR-PAY DEMAND CHARGES FROM TENNES-

SEE GAS PIPELINE COMPANY (continued)

 

19.7 Take-or-Pay Demand Charge (continued)

 

(ii) monthly amounts resulting from the continued amor-

tization of the amounts in Shipper's Take-or-Pay

subaccount related to Take-or-Pay Cost reflected

in previous filings which monthly amounts shall be

recomputed each May 31 or November 30 to recover

those previous balances over the remainder of

their respective amortization periods using an an-

nuity method based on the applicable annual inter-

est rate specified in Section 154.67(c)(2)(iii)(A)

of the FERC's Regulations at the time of filing.

 

In the last month of any 24-month amortization period,

Transporter shall bill or refund to Shipper a lump sum

payment equal to the outstanding balance in Shipper's

Take-or-Pay subaccount attributable to the amounts that

Transporter commenced collecting from Shipper during

such amortization period, including carrying charges

calculated pursuant to Subsection 19.6.

 

Transporter shall flow through to Shipper its allocated

share of any lump sum charges or refunds it receives

from Tennessee pursuant to the flow through of Take-or-

Pay provisions in the General Terms and Conditions of

Tennessee's FERC Gas Tariff.

 

Any Shipper may make a lump sum payment of the balance

in its subaccount of the Demand Take-or-Pay Account at

any time or from time to time.

 

19.8 Payment by Shipper

 

Fixed Take-or-Pay Demand charges rendered by Transporter

to each Shipper shall be due and payable with the bill

for the month.