Natural Gas Pipeline Company Of America

Seventh Revised Volume No. 1

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Effective Date: 04/18/2008, Docket: RP08-319-000, Status: Effective

Original Sheet No. 447 Original Sheet No. 447 : Pending

GENERAL TERMS AND CONDITIONS

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(3) For every other contract, Natural shall

include the full MDQ in the billing determinants hereunder except to the

extent Natural has discounted the Account No. 858 surcharge, in which

case Natural shall include the full rate equivalent of that contract's

MDQ, based on the ratio of the discounted Account No. 858 surcharge rate

to the maximum Account No. 858 surcharge. In determining whether and the

extent to which Natural has discounted the Account No. 858 surcharge, the

discounting sequence set out in Section 15.6 of these General Terms and

Conditions shall be applied.

(e) (1) Natural's last obligation to pay Account No.

858 costs eligible for recovery hereunder expires as of December 31,

2002. In the tracking filing hereunder to be effective June 1, 2002,

Natural has included estimated eligible contract costs, net of any

offsets for capacity release revenue and interruptible service revenue

crediting, together with estimated interest, through the expiration of

its obligations. Natural will notify the Commission by November 15,

2002, whether in its judgment based on its best estimates any further

tracking filing is necessary. Surcharges hereunder shall terminate

effective December 2002, subject to the remainder of this Subsection (e).

(2) In the case of underrecovery as of November

30, 2002, Natural may, and in the case of an overrecovery as of November

30, 2002, Natural must, file to continue surcharges hereunder on and

after December 1, 2002, recalculated to either passback or recover, as

applicable, the entire remaining balance over the new tracking period.

Any such filing of surcharge extensions hereunder to be effective on and

after December 1, 2002, shall amortize the remaining balance over a

period of three (3) months, otherwise using procedures consistent with

prior semi-annual tracking filings under this Section 21.

(3) Natural will notify the Commission of the

final Account No. 858 balance no later than January 31, 2003, or within

thirty (30) days after the end of the collection period for subsequent

tracking filing(s), whichever is later.

(4) In the event of an overrecovery pursuant to a

tracking filing under subsection (2) above, Natural must, and in the

event of an underrecovery, Natural may, make further tracking filings

consistent with subsection (2) above. Any overrecovery by Natural

hereunder shall be passed back by Natural through a negative surcharge in

a subsequent tracking period until the Account No. 858 balance is zero or

greater. Any underrecovery by Natural hereunder may be recovered by

Natural through a positive surcharge in a subsequent tracking period

until the Account No. 858 balance is fully recovered. Any such tracking

filing shall be made within thirty (30) days prior to the proposed

effective date.