Questar Pipeline Company
First Revised Volume No. 1
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Effective Date: 01/01/2008, Docket: RP07-606-001, Status: Effective
Original Sheet No. 172C Original Sheet No. 172C : Pending
Part 3
GENERAL TERMS AND CONDITIONS
(Continued)
(ii) Questar will not post a Conditioning Reimbursement
Factor for the first period January 1, 2008, through April 30, 2008. Any
difference between the amount in § 16.4(a) and net Clay Basin liquids revenues
for the four months ending April 30, 2008, will be adjusted according to §
16.4(c).
(c) Annual Reimbursement Adjustment (ARA). Commencing in July
2008, Questar will calculate an ARA for the previous 12 months ending April
30th of each year. The ARA will "true up" the difference between (i) the
amounts stated in § 16.4(a) and (ii) amounts recovered by Questar through the
sale of liquids and Conditioning Reimbursement Quantities reimbursed under §
16.3(a). The ARA will be calculated as follows:
ARA = (ALR + CRV) - AMT]
JQI
Where:
ALR = Actual net Clay Basin liquids revenues for the prior 12 months
ended April 30th.
CRV = Value of the Conditioning Reimbursement Quantities reimbursed by
Clay Basin customers during the prior 12 months ended April 30th
as provided in S 16.4(b). The value is calculated by multiplying
the total Conditioning Reimbursement Quantities received each
month by the First of Month Index posting for Northwest Pipeline,
Wyoming Pool for that month as published in "Inside FERC Gas
Market Report." If "Inside FERC Gas Market Report" ceases
publication or to the extent prices are not reported for
Northwest, Wyoming Pool, Questar will select a similar index or
publication and notify shippers of the selection via Questline.
JQI = First of Month Index posting for Northwest Pipeline, Wyoming
Pool for July of each year as published in "Inside FERC Gas
Market Report". If "Inside FERC Gas Market Report" ceases
publication or to the extent prices are not reported for
Northwest, Wyoming Pool, Questar will select a similar index or
publication and notify shippers of the selection via Questline.
AMT = Amount listed in § 16.4(a) for the prior 12 months ending April
30th.
(d) Each Month Questar shall display in the informational
postings section of its internet web site the prior month's actual Clay Basin
net liquids revenue and the value of the Conditioning Reimbursement Quantity.