Paiute Pipeline Company

Second Revised Volume No. 1-A

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Effective Date: 11/01/1993, Docket: RS92- 75-004, Status: Effective

Original Sheet No. 115 Original Sheet No. 115 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

15. REVENUE CREDITING FOR CAPACITY RELEASES (FIRM) (Continued)

 

15.3 Monthly Crediting Procedures: (Continued)

 

Paiute from the Replacement Shipper or Prearranged Replacement

Shipper during each calendar month applicable to capacity which

the Releasing Shipper made available for release and which

actually was released and resold to a Replacement Shipper or

Prearranged Replacement Shipper. The revenue credits shall be

credited directly only to the Releasing Shipper who releases the

released capacity, unless the released capacity was resold under

a Combined Transaction (a transaction involving the resale of

more than one Releasing Shipper's released capacity). If the

Released Capacity was resold under a Combined Transaction, each

of the Releasing Shippers whose released capacity is part of the

Combined Transaction is entitled to receive monthly revenue cre-

dits pro rata in proportion to the actual Reservation Charge

revenue from the released capacity payable by each Releasing

Shipper before the distribution of revenue credits to the total

of such revenues from the applicable Combined Transaction.

 

15.4 Credit Amounts and Offset Procedure:

 

Paiute shall provide a conditional credit each month to the

Releasing Shipper for one hundred percent (100%) of the actual

reservation charge revenue applicable to released capacity that

is to be collected by Paiute from the Replacement Shipper or

Prearranged Replacement Shipper. The Releasing Shipper shall con-

tinue to be billed by Paiute each month for all reservation

charges applicable to released capacity, which billing shall be

offset by the revenue credits. The conditional revenue credit

will be reflected on the Releasing Shipper's invoice in the same

month that Paiute bills the Replacement Shipper or Prearranged

Replacement Shipper for the released capacity. If the Replacement

Shipper or Prearranged Replacement Shipper does not make payment

for the reservation charges as billed, Paiute shall so notify the

Releasing Shipper within ten (10) working days following the date

on which the amount was due, and shall bill the Releasing Shipper

for all unpaid amounts, including all late charges authorized in

Section 10 of the General Terms and Conditions of this tariff, on

the next regularly scheduled billing. Such amount shall then be

paid by the Releasing Shipper. In addition, the Releasing Shipper

may terminate the release of capacity to a Replacement Shipper or

Prearranged Replacement Shipper if such Shipper fails to pay all