Gulfstream Natural Gas System, L.L.C.
Original Volume No. 1
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Effective Date: 06/01/2003, Docket: RP03-409-000, Status: Effective
Second Revised Sheet No. 164 Second Revised Sheet No. 164 : Effective
Superseding: First Revised Sheet No. 164
GENERAL TERMS AND CONDITIONS
23.2 Transporter's Use.
(a)The initial Transporter's Use (%) will be calculated based
upon appropriate engineering principles. After one year of
operation and each June 1 thereafter commencing in 2005,
Transporter's Use (%) will be redetermined by dividing
Transporter's projection for the next 12 Months beginning
June 1 of fuel usage and any lost and unaccounted-for gas
by Transporter's projection of applicable deliveries for
the account of Shippers for the next 12 Months beginning
June 1. This percentage will go into effect on June 1.
Transporter may file interim proposals between annual
filings subject to approval by the Commission.
(b)Pursuant to Section 23.3, Transporter shall maintain a
separate System Balancing Adjustment account. This account
shall be credited for all sales of excess fuel collected
under Transporter's Use, debited for all purchases for
Transporter's Use and further adjusted for the operational
activities enumerated in Section 23.3(a).
23.3. System Balancing Adjustment. In order to maintain an
operational system balance on its system, Transporter will
calculate a system balancing adjustment ("SBA") charge.
(a) Transporter's SBA balance shall be the sum of:
(1) The net annual system cashout balance determined in
accordance with Section 8 of the General Terms and
Conditions and OBA cashouts;
(2) The net Transporter's Use Adjustment balance,
determined in accordance with Section 23.2 of the
General Terms and Conditions;
(3) Penalty revenues credited pursuant to Sections 24.1(a),
24.1(b), 24.2, and 24.3 of the General Terms and
(4) Any other account balance as may be approved by the