Southern LNG Inc.

Original Volume No. 1

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Effective Date: 12/01/2001, Docket: CP99-582-004, Status: Effective

Original Sheet No. 104 Original Sheet No. 104 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

24.2 Electric Power Charge

 

This section of the GT&C sets forth the procedures to reflect in Southern LNG's rates changes

in the amounts payable by Southern LNG for electric power costs incurred at the Elba Island

Terminal.

 

(a) Filing Procedure

 

(i) The Electric Power Cost rates set forth on the rate sheets of Southern LNG's

Tariff may be increased to reflect a net positive change in Electric Power

rates and shall be decreased to reflect a net negative change in Electric

Power rates.

 

(ii) Seller shall file with the Commission to reflect net changes in the Electric

Power rates at least 30 days prior to each anniversary of the beginning date

for the Electric Power Annual Period.

 

(b) Definitions

 

(i) Electric Power Annual Period - The annual period beginning on the in-service

date for the recommissioned Elba Island Terminal and each annual period

thereafter.

 

(ii) Actual Electric Power Costs - The cost incurred by Southern LNG for electric

power used at the Elba Island Terminal. Such actual cost shall include all

charges attributable to any period encompassed by the effectiveness of this

Section 24.2, including all refunds, surcharges, billing adjustments and

interest, positive or negative.

 

(iii) Estimated Electric Power Costs - The projected Electric Power Costs for the

Electric Power Annual Period.