Pine Needle LNG Company, LLC

Original Volume No. 1

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Effective Date: 01/01/2003, Docket: RP01-243-000, Status: Effective

First Revised Sheet No. 67 First Revised Sheet No. 67 : Effective

Superseding: Original Sheet No. 67

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

 

19. ELECTRIC POWER COST ADJUSTMENT PROVISION (Continued)

 

19.5 Transmission Electric Power Deferred Account (Account)

 

Pine Needle shall maintain the Account for each Deferral Period in accordance with the

following procedures:

 

(a) Pine Needle shall determine each month the Actual Electric Power costs.

 

(b) Pine Needle shall determine each month the actual recovery of Electric Power

Costs by multiplying, as applicable, Pine Needle's actual demand determinants by

the current Electric Power rate(s).

 

(c) Each month, Pine Needle shall determine the difference, positive or negative,

between the amount computed in Section 19.5(a) and 19.5(b) and record such

difference in a subaccount of Account No. 182.3 of the Uniform System of Accounts

which Pine Needle shall designate as a Electric Power Deferred Account. Interest

shall be computed on the balance in Pine Needle's Electric Power Deferred

Account, positive or negative, based on the method prescribed in Section

154.305(h) of the Commission's Regulations.

 

 

20. CAPACITY RELEASE

 

20.1 Purpose. This section sets forth the provisions under which a Customer ("Releasing

Customer") which has a currently effective service agreement with Pine Needle for firm

storage service rendered under Part 284 of the FERC's regulations may release its firm

capacity entitlements as described in Sections 20.2 and 20.3 below to a third party

("Replacement Customer"). A Replacement Customer may re-release all or part of the

acquired firm capacity entitlements under Rate Schedule LNG-1 to one or more other

Replacement Customers.