Quest Pipelines (Kpc)

Second Revised Volume No. 1

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Effective Date: 02/01/2008, Docket: RP08-174-000, Status: Effective

Original Sheet No. 160 Original Sheet No. 160 : Effective

 

GENERAL TERMS AND CONDITIONS (Continued)

 

zero within such period, KPC shall retain those quantities it owes

Shipper free and clear of any adverse claims and shall charge

Shipper and Shipper shall be obligated to pay for those quantities

Shipper owes KPC at a rate equal to 1.5 times the Mid Continent

Spot Price as defined in Section 12.11(b) for the Month in which

the Service Agreement terminated.

 

During each 12 month period, beginning on the effective date of

this Section 12, KPC shall refund any net revenue received from

the operation of Section 12.14. Such refund of net revenue will

be pro rated on a monthly basis to each non-offending Shipper

during each month that a net cash-out resulting from contract

termination was received. If KPC incurs a net cost during such

12-month period, the amount will be deferred to offset against

revenue in the applicable 12-month period. Carrying costs shall

be calculated on the net balance each month (either net revenue or

net cost) utilizing the rate set forth in Section 154.501 of the

Commission's regulations.

 

12.15 OFO Report

 

Within thirty (30) days after the termination of any OFO issued

pursuant to this Section 12, KPC shall post on its IEC System the

factors that caused the OFO to be issued and then lifted.