Southern LNG Inc.

Original Volume No. 1

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Effective Date: 08/01/2009, Docket: RP09-857-000, Status: Effective

First Revised Sheet No. 105 First Revised Sheet No. 105

Superseding: Original Sheet No. 105

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(iv) Estimated Delivery Volumes - The projected annual volume of vaporized LNG delivered

out of the Elba Island Terminal.

 

(v) Deferral Period - The period of 12 months (except the initial deferral period which

shall be 10 months) ending 2 months prior to the effective date of a change in rates

filed pursuant to this Section 24.2.

 

(c) Determination of the Current Electric Power Rates

 

Seller shall determine the Current Electric Power Rates for each Electric Power Annual Period

by the following procedures:

 

(i) The Estimated Electric Power Costs shall be summed with the balance accumulated at the

end of the Deferral Period in the Electric Power Deferral Account as determined in

accordance with Section 24.2(d).

 

(ii) The amounts determined in Section 24.2(c)(i) above will be divided by the Estimated

Delivery Volumes.

 

(d) Electric Power Deferred Account (Account)

 

Seller shall maintain the Account for Deferral Period in accordance with the following

procedures:

 

(i) Seller shall determine each month the Actual Electric Power costs.

 

(ii) Seller shall determine each month the actual recovery of Electric Power Costs by

multiplying Sellers actual volumes delivered from the Elba Island Terminal by the

Current Electric Power rate.

 

(iii) Each month, Seller shall determine the difference, positive or negative, between the

amount computed in Section 24.2(d)(i) and 24.2(d)(ii) and record such difference in a

subaccount acceptable to FERC under the Uniform System of Accounts, which Seller shall

designate as an Electric Power Deferred Account. Interest shall be computed on the

balance in Seller's Electric Power Account, positive or negative, based on the method

prescribed in the Commission's Regulations.