Centerpoint Energy - Mississippi River

Third Revised Volume No. 1

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Effective Date: 09/15/2007, Docket: RP07-578-000, Status: Effective

Sixth Revised Sheet No. 252 Sixth Revised Sheet No. 252 : Effective

Superseding: Fifth Revised Sheet No. 252

GENERAL TERMS AND CONDITIONS

(continued)

 

34. PENALTY REVENUE CREDITING

 

For the period from the effective date of this provision through July 31,

2002, and thereafter for each 12 month period ending July 31 (Accrual Period),

MRT shall determine the revenues (penalty revenues), less the costs incurred

by MRT in relation to the actions of the Customer(s) necessitating a penalty

(penalty costs), recovered pursuant to the imposition of a penalty pursuant to

(1) Rate Schedule PALS, Section 5.2(a); (2) Rate Schedule FSS, Sections 3.4

and 4.3; (3) General Terms and Conditions, Section 8.3(c); (4) General Terms

and Conditions, Section 9; (5) General Terms and Conditions, Section 10.3(d)

(revenues attributable to imbalances greater than 1,000 Dth and five percent

(5%), excluding revenues from imbalances pursuant to Section 10.3(d)(iv) and

(vii)); and (6) General Terms and Conditions, Section 13.2. The resulting

amount, including interest in accordance with Section 154.501 of the

Commission's regulations, calculated from the end of the Accrual Period to the

effective date of the crediting adjustments provided for herein, shall be

defined as the "Excess Penalty Revenues" or the "Remaining Penalty Costs," as

applicable, and shall be netted with any existing Carryover Costs (as defined

below).

 

If the resulting net amount is an excess of costs (Carryover Costs), such

Carryover Costs, including interest in accordance with Section 154.501 of the

Commission's regulations, calculated from the date on which credits, if any,

for the recently concluded Accrual Period were scheduled to take effect until

the effective date of the credits for the next Accrual Period, shall be

included in the next annual calculation performed under this Section 34. If

the resulting net amount is an excess of revenues, those revenues shall be the

Penalty Crediting Revenues. MRT shall allocate the Penalty Crediting Revenues

among its Customers in proportion to the total firm transportation revenues

(excluding penalties, cash-out, facilities reimbursement or other similar

charges) collected from each Customer during the Accrual Period; provided,

however, if the Penalty Crediting Revenues does not exceed $25,000.00, then

such amount, plus interest calculated in accordance with Section 154.501 of

the Commission's regulations, shall be carried forward to the next Accrual

Period to be included in the next annual calculation performed under this

Section 34.

 

On or before November 1 of each year, MRT shall post on its website and send

notices to eligible Customers of the applicable credit amount (or if none, of

the Carryover Costs for the preceding Accrual Period (or part thereof)). MRT

shall have the option of crediting against a Customer's invoice (any such

credit shall be separately identified on the invoice) or sending a check in

the amount of the applicable credit. MRT shall file within thirty (30) days

of such date a report with the Commission setting forth the calculation of

Penalty Crediting Revenues or Carryover Costs, as applicable, and the credits,

if any, for the individual Customer, together with supporting documentation

for such calculations.