Gulf South Pipeline Company L P
Sixth Revised Volume No. 1
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Effective Date: 12/31/2000, Docket: GT01- 6-000, Status: Effective
Original Sheet No. 2706 Original Sheet No. 2706 : Effective
GENERAL TERMS AND CONDITIONS
(E) (i) Crediting of Revenue - Gulf South will use an annual
period beginning April 1 and ending March 31 to
determine the balance of the cash-in/cash-out
program. Gulf South will file a report with the FERC
by June 1 following the close of each annual period
determining whether a refund is due shippers.
Any excess cash remaining in the cash pool after this
annual period will be refunded to shippers by June 30
pro rata based on transportation throughput for the
applicable annual period. Any deficiency of cash
shall be carried forward in the cash pool during the
next annual period.
(ii) Interest will be calculated on the balance in the Cash
Pool in accordance with Section 154.501(d) of the
Commission's Regulations. In the event of a refund,
this amount will be refunded to shippers. In the
event of a loss carry forward, this amount will carry
forward to the next annual period.
(iii)Gulf South will carry forward any excess cash amount
less than $50,000.
(F) (i) Purchases from marketing affiliate - If Gulf South
purchases gas from its marketing affiliate, for the
purpose of balancing its system, and uses revenues
generated from the cash-in/cash-out program, these
purchases must be credited against the monies
received from the shippers under the program at the
lower of 100 percent of the "sell" Index price or the
actual cost of the gas.