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. 535 Original Sheet No. 535 : Pending
GENERAL TERMS AND CONDITIONS
minimum throughput condition or minimum bill). For capacity
evaluation purposes, the net present value of any such bid for
firm service shall be capped by the net present value of the
maximum applicable reservation rate for such service over the
contract term bid.
49.3 ACCOUNTING FOR COSTS AND REVENUES
The allocation of costs to, and the recording of
revenues from, service at Negotiated Rate(s) will follow Natural's
normal practices associated with all of its services under this
Tariff. Natural will maintain separate records of Negotiated Rate
and Negotiated Rate Formula transactions for each billing period.
These records shall include the volumes transported, the billing
determinants (contract MDQ), the rates charged and the revenue
received associated with such transactions. Natural will
separately identify such transactions in Statements G, I and J (or
their equivalent) filed in any general rate proceeding.
49.4 CAPACITY RELEASE REVENUE
Natural and Shipper may agree hereunder to a
Negotiated Rate or Negotiated Rate Formula which includes payment
obligations or crediting mechanisms in the event of a capacity
release which vary from those set out in Section 19.13 of these
General Terms and Conditions. Nothing in the forgoing sentence,
however, shall authorize Natural or Shipper to violate the
Commission's policy with respect to the negotiation of terms and
conditions of service.