Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 12/01/2003, Docket: RP00-340-005, Status: Effective

Original Sheet No. 2603 Original Sheet No. 2603 : Superseded

 

GENERAL TERMS AND CONDITIONS

Section 19

(Continued)

 

(ii) When a penalty refund distribution is made necessary

due solely to interest accumulation during the

immediately preceding calendar year (no additional

penalty revenue was collected under this section) the

total net penalty revenue, including interest, will be

allocated pro rata to all transportation Customers

based upon each Customer's annual throughput during

the immediately preceding calendar year.

 

(iii) When a penalty refund distribution is made necessary

because additional penalties were collected during the

immediately preceding calendar year under this

section, the total carried forward penalty revenue,

including interest, will be allocated equally to the

months in which additional penalties were incurred

during the immediately preceding calendar year as a

part of the refund distribution calculation described

in Section (v).

 

(iv) Gulf South will credit to its non-offending

transportation Customers (those Customers not

incurring a penalty under this section for any of

their transportation contracts during the month in

which penalties were incurred) any penalty revenue

collected for such month from its marketing

affiliate(s), pro rata based upon the non-offending

shipper's throughput during the month in which the

penalty was incurred.

 

(v) Gulf South will credit to its non-offending

transportation Customers, including Gulf South's

marketing affiliate(s) (those Customers not incurring

a penalty under this section under any of their

transportation contracts during the month in which

penalties were incurred) the total net penalty

revenue collected for such month from non-marketing

affiliates, pro rata based upon the non-offending

shipper's throughput during the month in which the

penalty was incurred.