Young Gas Storage Company, Ltd.
Original Volume No. 1
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Effective Date: 08/01/2010, Docket: RP10-921-000, Status: Effective
Ninth Revised Sheet No. 96 Ninth Revised Sheet No. 96
Superseding: Eighth Revised Sheet No. 96
GENERAL TERMS AND CONDITIONS
(Continued)
13. RESERVED
14. PENALTIES
14.1 Retained Gas Crediting. In the event gas is retained under Section
2.3 of Rate Schedule FS-1 or Section 2.5 of the Form of Service
Agreement applicable to Rate Schedule IS-1, the value of such gas
will be credited to all non-offending firm and interruptible
shippers by invoice credit. Such credit shall be in proportion to
the volumes injected for each Shipper during the storage year in
which the gas was retained, and shall be made not later than 90
days after the end of such storage year by Transporter and
submitted to Shipper pursuant to Section 12.2 of the General Terms
and Conditions of this Tariff. The value of the credit will be
determined by multiplying the quantity of the gas retained (Dth) by
the average of the daily mid-point index prices for CIG-Rockies as
published in Platt's gas market publication (formerly known as Gas
Daily's Price Survey) for each day of the month divided by the
number of days in the month for the month in which the gas is
retained. Should Platt's gas market publication become unavailable,
Transporter shall calculate the credit based on information posted
in a similar publication.
15. REVENUE SHARING
15.1 The actual revenues, net of all variable costs, received by
Transporter in any calendar year, for service under Rate Schedule
IS-1 shall be credited to all firm Shippers by invoice credit. Such
credit shall be in proportion to the Storage Service reservation
charge revenues received from each such Shipper during the subject
calendar year, and shall be made not later than the January
statement by Transporter submitted to Shipper pursuant to Section
12.2 of the General Terms and Conditions of this Tariff.