Gulfstream Natural Gas System, L.L.C.

Original Volume No. 1

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Effective Date: 05/01/2003, Docket: CP00- 6-008, Status: Effective

First Revised Sheet No. 166 First Revised Sheet No. 166 : Effective

Superseding: Original Sheet No. 166

 

 

GENERAL TERMS AND CONDITIONS

(CONTINUED)

 

 

24.2 Trespass Gas

 

In the event that Transporter receives penalty revenue from

a Shipper as the result of the application of Section 7.3

(Trespass Gas) of the General Terms and Conditions,

Transporter shall credit the penalty revenue received, net

of costs, to the System Balancing Adjustment, Section 23.3

of the General Terms and Conditions. Any penalty revenue

credited to the System Balancing Adjustment pursuant to this

section shall include interest calculated in accordance with

Section 154.501 of the Commission's regulations.

 

24.3 Conversion of Gas

 

In the event that Transporter receives penalty revenue from

a Shipper as the result of the application of Section 7.4

(Conversion of Gas) of the General Terms and Conditions,

Transporter shall credit the penalty revenue received, net

of costs, to the System Balancing Adjustment, Section 23.3

of the General Terms and Conditions. Any penalty revenue

credited to the System Balancing Adjustment pursuant to this

section shall include interest calculated in accordance with

Section 154.501 of the Commission's regulations.

 

24.4 Action Alert/Operational Flow Order Penalties

 

Any penalty revenue collected by Transporter pursuant to

Section 13.8 of the General Terms and Conditions will be

credited, net of costs, to any firm or interruptible Shipper

that did not incur penalties pursuant to Section 13.8 of the

General Terms and Conditions in the Month for which penalty

revenues were received ("Non-Offending Shipper"), based on

the ratio of the actual quantities taken by the Non-

Offending Shipper to the actual quantities taken by all Non-

Offending Shippers in such Month. Such credits shall be

made within 90 days following each anniversary of the

initial in-service date of Transporter's system and shall

include interest at the rate determined in accordance with

Section 154.501 of FERC's regulations.