Trunkline Gas Company, LLC

Third Revised Volume No. 1

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Effective Date: 06/13/2010, Docket: RP10-731-000, Status: Effective

First Revised Sheet No. 293 First Revised Sheet No. 293

Superseding: Original Sheet No. 293

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

23. FLOW THROUGH OF CASH OUT REVENUES AND PENALTIES

 

23.1 Flowthrough of Cash Out Revenues in Excess of Costs

 

This Section 23.1 sets forth the procedures by which any excess

revenues received over costs incurred under the cash out

provisions of Section 5.2 herein (Cash Out Revenue Amount), for

the period beginning May 1, 2001 and for each subsequent twelve

(12) Month period thereafter (Annual Cash Out Period), will be

flowed back to Shippers under Rate Schedules FT, SST, EFT, QNT,

LFT, FFZ, IT and QNIT whose contract imbalance level, as

determined in accordance with Section 5.2(C) of these General

Terms and Conditions, did not exceed 5% during the month (Non-

Offending Shippers). If the Cash Out Revenue Amount is negative,

the amount shall be carried forward to subsequent Annual Cash Out

Periods.

 

(A) Trunkline will flow through the Cash Out Revenue Amount to

Non-Offending Shippers by means of a credit. Each Non-

Offending Shipper's credit shall be paid with a billing

adjustment to the billing of charges for service during the

August billing month following the end of the Annual Cash

Out Period; provided, however, if the Non-Offending

Shipper's Service Agreement has terminated and the final

billing of charges has been paid, Trunkline shall pay the

credit by check to the Shipper.

 

(B) Credit to Non-Offending Shippers

 

Each Non-Offending Shipper's credit shall be calculated by

multiplying the Cash Out Revenue Amount for the Annual Cash

Out Period, plus any negative Cash Out Revenue Amount

carried forward from prior Annual Cash Out Periods, by (1)

50% of the ratio of the sum of the actual revenues billed

for services to the Non-Offending Shipper during the Annual

Cash Out Period to the sum of the actual revenues billed for

such services to all Non-Offending Shippers during the

Annual Cash Out Period plus (2) 50% of the ratio of the sum

of the actual volumes transported of the Non-Offending

Shipper during the Annual Cash Out Period to the sum of the

actual total volumes transported of all Non-Offending

Shippers during the Annual Cash Out Period. The actual

revenues and volumes transported used to compute the Non-

Offending Shipper's credit shall be the actual revenues and