Texas Gas Pipe Line Corporation

Third Revised Volume No. 1

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Effective Date: 06/01/1990, Docket: RP90-112-001, Status: Effective

Substitute Original Sheet No. 20 Substitute Original Sheet No. 20 : Effective

Superseding: Original Sheet No. 20

 

 

 

 

GENERAL TERMS AND CONDITIONS (Cont'd)

 

 

12. PURCHASED GAS COST ADJUSTMENT (Cont'd)

 

12.10 Seller shall return to its jurisdictional customers the

jurisdictional portion of all refunds or revenue credits,

including billing adjustments under Sections 270.101(e) and

273.302 of the Commission's regulations, and all interest

computed on these amounts received from Seller's suppliers

for its purchases of gas. Seller shall return such amounts

by establishing a separately identified refund subaccount of

Account No. 191. During a deferral period Seller shall

(i) credit the refund subaccount with the jurisdictional

portion of all refunds, revenue credits, and the related

interest received; (ii) debit the refund subaccount with

billing adjustments received beyond sixty (60) days of the

end of the month in which the gas purchases were made and

received (out-of-period billing adjustments); and (iii) debit

if the refund subaccount balance is a debit balance, or

credit if the refund subaccount balance is a credit balance,

the carrying charges computed under Section 154.305(h)of the

Commission's regulations.

 

12.11 Seller shall make a cash disbursement to its jurisdictional

customers of the total refund subaccount balance, if the

refund subaccount balance is a credit balance which equals

or exceeds an amount which is the lesser of:

(i) $2 million, or

(ii) 1 cent per Mcf determined by dividing the monthly

ending refund subaccount balance by the quantity of

Seller's most recent twelve (12) months of actual

jurisdictional sales.

 

Seller shall make such disbursement within 90 days of the

end of the month in which Seller receives a refund, revenue

credit, or billing adjustment which causes the refund

subaccount balance to reach the foregoing threshold

disbursement level. Refund amounts will be disbursed to

jurisdictional customers in accordance with Sections

154.305(i)(2)(i) or 154.305(i)(2)(ii) of the Commission's

regulations, as appropriate.

 

12.12 Seller shall debit the refund subaccount for any amounts

disbursed in cash. If there is a balance of refunds,

revenue credits, and associated carrying charges remaining

in the refund subaccount at the end of a deferral

period, and that balance is a debit balance, Seller shall

transfer the amounts to the current deferral subaccount

balance of Account No. 191 to be amortized through the

Surcharge Adjustment. If, however, the remaining refund

subaccount balance is a credit balance, Seller will either

(i) make a cash refund to its jurisdictional customers, or

(ii) transfer the amounts to the current deferral subaccount

balance of Account No. 191 to be amortized through the

Surcharge Adjustment.

 

12.13 When Seller files its annual Purchased Gas Adjustment

filing, it will also file a refund report with the

Commission showing all computations of the refunds, revenue

credits, and associated carrying charges disbursed in

cash during the applicable deferral period.

 

12.14 Seller shall compute carrying charges on the Account No. 191

balance. To compute such carrying charges Seller shall