Scg Pipeline Inc.
Original Volume No. 1
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Effective Date: 11/01/2003, Docket: RP03-611-000, Status: Effective
Original Sheet No.148 Original Sheet No.148 : Superseded
GENERAL TERMS AND CONDITIONS
(b) Carrying Charges. Each Month the FRQ Deferred Account shall be debited
(if the balance in said account is a debit balance) and shall be credited (if
the balance in said account is a credit balance) for a carrying charge, which
shall be determined by the product of (1) and (2) below.
(1) The cash balance in the FRQ Deferred Account, exclusive of carrying
charges accrued pursuant to this subsection (2) net of the related deferred
tax amounts, if any, as of the end of the immediately preceding Month.
(2) The applicable FERC interest rate (18 C.F.R. §154.501(d)) as divided by
365, or 366 in a leap year, and then multiplied by the number of Gas Days in
the applicable Month.
(c) Calculation of Surcharge or Refund. With each annual
filing hereunder Pipeline shall calculate surcharges or refunds designed to
amortize the net monetary value of the balance in the FRQ Deferred Account at
the end of the previous accumulation period. The surcharge or refund shall be
based upon the allocation of the FRQ Deferred Account balance at the end of
the twelve Month accumulation period over the actual throughput during the
twelve Month accumulation period. A Shipper's net debit or credit for the
twelve Month period shall be due and payable sixty Gas Days after the
Commission's acceptance of the annual filing.