Sea Robin Pipeline Company, LLC

Second Revised Volume No. 1

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Effective Date: 03/01/2010, Docket: RP09-995-000, Status: Effective

Original Sheet No. 198 Original Sheet No. 198

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

24. HURRICANE SURCHARGE (Continued)

 

(b) The Hurricane Damage Repair O&M Cost Subaccount shall

include the cumulative Eligible Costs, which are classified

as operations or maintenance expenses under the FERC’s USOA

which have been incurred since September 1, 2008. The

Hurricane Damage Repair O&M Cost Subaccount shall be

credited for amounts received from Sea Robin’s insurance

carriers or third parties which are attributable to

Eligible Costs included in the Hurricane Damage Repair O&M

Cost Subaccount.

 

(c) The Hurricane Surcharge Recovery Subaccount shall be

credited by the revenue received from the Hurricane

Surcharge each Month.

 

(d) The balance in the Hurricane Surcharge Account shall be

debited or credited, as appropriate, by carrying charges

calculated at the FERC prescribed interest rate on the

monthly balance of the Hurricane Surcharge Account.

Carrying charges shall be calculated in accordance with

Section 154.501(d) of the Commission’s Regulations.

 

24.6 Calculation of the Hurricane Surcharge

 

(a) The surcharge shall be calculated on the balance of the

Hurricane Surcharge Account (including carrying charges) at

December 31, and June 30 (to be effective April 1 and

October 1, respectively) for each recovery period until

September 30, 2013 divided by the projected billing

determinants.

 

(b) Any costs in the Capital Subaccount shall be recovered as

expenses without any associated return other than carrying

charges as provided for in Section 24.5(d) above.

 

(c) Any balance in the Hurricane Surcharge Account at

September 30, 2013, shall be included in the Sea Robin rate

proceeding proposing new base rates effective January 1,

2014.