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.