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.