North Penn Gas Company
First Revised Volume No. 1
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Effective Date: 10/01/1992, Docket: RP91-111-006, Status: Effective
Fourth Revised Sheet No. 15H1 Fourth Revised Sheet No. 15H1 : Effective
Superseding: Substitute Third Revised Sheet No. 15H1
(b) Adjustment to TOP costs:
(i) The TOP costs Seller will recover will be reduced by 42.04% of "Corning-
related" offsets. The formula to determine the Corning-related offsets is
explained and set forth in Section 2.3(b) and Appendix D of Seller's March
13, 1992 settlement offer in Docket Nos. RP91-111 et al.
(ii) The TOP costs Seller will recover will also be reduced by the monies
North Penn collected from its jurisdictional customers through its TOP sur-
charge proposal in RP91-111 et al. during the period April 1, 1991 through
March 13, 1992.
(c) Limit on surcharge for sales customers:
The annual TOP surcharge shall not exceed $.40 per Mcf for any Buyer of
Seller's jurisdictional sales service. Seller will be entitled to increase
its surcharge that would otherwise be applicable to all other Buyers to
prevent any TOP cost absorption arising from the $.40 per Mcf limit.
(d) For all but the initial annual filing to be submitted in 1992, Seller
shall also include in its development of an appropriate surcharge, any
"qualified overrecoveries or underrecoveries" of TOP costs during the prior
12-month period. Such "qualified overrecoveries or underrecoveries" include
those arising due to (1) the difference between (a) actual jurisdictional
volumes of Seller during the prior 12-month period and (b) the projected
jursidictional volumes underlying the TOP surcharge imposed during that
period; and (2) the difference between (a) the carrying charges applicable
to the prior 12-month period based on actual data, i.e., the actual applica-
able FERC interest rate and unamortized balance on TOP costs and (b) the
carrying charges included in the TOP surcharge imposed during that period.
Such "qualified overrecoveries or underrecoveries" will also include add-
itional TOP costs and refunds incurred/received by Seller that have not at
that time been reflected in Seller's TOP surcharge.
In addition to annual filings described in 17.2, Seller will file to adjust
its TOP charges to track increases or decreases in TOP charges billed to
Seller by its upstream pipeline suppliers.
(a) Within 60 days of the end of the last 12-month period (i.e. within 60
days of March 31, 1995) Seller will submit a filing to recover or credit to
Seller's then-existing Buyers any "qualified overrecoveries or underrecover-
ies" of TOP costs (as defined in Section 17.2 above) that arose in the last
12-month period. (b) Thereafter, Seller will file to recover or credit to
Seller's then-existing Buyers any additional TOP costs or TOP refunds
Seller has incurred/received. Such filings will be submitted within 60 days
of the incurrence/receipt of the additional TOP costs/refunds.