Tuscarora Gas Transmission Company

First Revised Volume No. 1

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Effective Date: 04/01/2009, Docket: RP09-08-000, Status: Effective

Original Sheet No. 175 Original Sheet No. 175

 

GENERAL TERMS AND CONDITIONS

 

29. REVENUE CREDITS

 

29.1 Interruptible Transportation Revenue Credit

 

(d) Revenues Subject to Refund. In the event that any revenues obtained

under the IT Rate Schedule are collected subject to refund, and are

ultimately not required to be refunded to Shippers under the IT Rate

Schedule, Transporter shall recalculate the revenue credits that

would have been due to Shipper if the IT Rate Schedule rate

ultimately approved by the Commission had been in effect at the time

of the revenue credit, and shall credit Shipper for the difference

between revenues actually credited, and the recalculated revenue

credit, plus interest at the rate prescribed by the Commission's

regulations.

 

29.2 Penalty Revenue Credit

 

(a) Applicability. Penalty Revenues net of costs incurred by Transporter

and collected as a result of imposition of any penalty imposed under

Section 6 of these General Terms and Conditions and as provided

elsewhere in this FERC Gas Tariff will be refunded annually with

interest to all Shippers who did not incur penalties when the

penalties were assessed (Eligible Shippers). Interest shall be

calculated in accordance with §154.501 of the Commission's

regulations.

 

(b) Calculation of Credit Amount. Eligible Shippers shall receive an

allocation of penalty revenues based on the proportion of the

revenues received during the 12-month period from each eligible

Shipper divided by the total revenue received from all eligible

Shippers during such period.

 

 

(c) Timing of Credits. Within forty-five (45) days after November 1st of

each year, Transporter shall determine the total amount of the Net

Penalty Revenues received during the previous 12-month period and the

portion of such amount to be credited to each Eligible Shipper. Such

credits shall be reflected as a credit billing adjustment on the next

bills rendered to the Shippers. In the event that such credit billing

adjustment would result in a net credit on the total bill to any

Shipper, or in the event the Shipper is no longer a shipper on

Transporter's system, Transporter will pay to such Shipper its share

of the Net Penalty Revenues within fifteen (15) days after

determination of the amount of the credit due to the Shipper.

 

(d) Minimum Credit Amount. Transporter shall not be obligated to issue

penalty credits during any year in which Net Penalty Revenues are

less than or equal to $10,000.