Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 06/24/2005, Docket: RP05-353-000, Status: Effective

Second Revised Sheet No. 204 Second Revised Sheet No. 204 : Effective

Superseding: First Revised Sheet No. 204

ITS RATE SCHEDULE

(Continued)

 

 

 

If, at any time, as a result of any legislation or any order,

opinion, or decision of the FERC or any other governmental

authority having jurisdiction over Gulf South's rates, an amount

is allocated or attributed to the transportation and handling of

liquid hydrocarbons, non-hydrocarbons and/or similar substances,

and such amount is credited to Gulf South's cost of service or

otherwise excluded in determining Gulf South's rates, Customer

shall reimburse Gulf South for the amount Gulf South is required

to refund or credit, or has refunded or credited, including

interest included therein to its customers which is attributed to

such transportation and handling for Customer under the ITS

agreement and which has not been assessed and collected from

Customer for the time period to which the refund or credit

applied. If such refunded or credited amount is less than the

sum assessed and collected from Customer for the applicable time

period, Gulf South shall remit the difference to Customer within

thirty (30) days of the applicable order, opinion, or decision.

Thereafter, Customer shall pay Gulf South monthly fees based on

amounts which are attributable to such transportation and

handling for Customer under the ITS agreement as calculated and

assessed by Gulf South. Such monthly fees shall be calculated so

as to permit Gulf South to generate monthly revenues therefrom to

equal the amounts expected to be credited to Gulf South's cost of

service or excluded from the determination of Gulf South's rates.

 

The amounts attributed to such transportation and handling for

Customer under the ITS agreement shall be established from time

to time for the above purposes based upon the application of a

methodology determined by Gulf South in good faith to be

consistent with applicable orders, opinions, or decisions

pertaining to such transportation and handling and, if

applicable, shall include amounts assessed to and collected from

Gulf South for such transportation and handling for Customer by

third parties.

 

Any settlement, compromise, or other action of Gulf South in

connection with any such order, opinion, or decision pertaining

to transportation of liquid hydrocarbons, vaporous

non-hydrocarbons and/or other similar substances shall be

conclusive and binding upon Customer.