Southern LNG Inc.

Original Volume No. 1

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Effective Date: 03/01/2010, Docket: RP10-271-000, Status: Effective

Second Revised Sheet No. 105B Second Revised Sheet No. 105B

Superseding: First Revised Sheet No. 105B

 

GENERAL TERMS AND CONDITIONS

 

(Continued)

 

(ii) Southern LNG shall file with the Commission an Annual Maintenance Dredging

Cost Filing within at least 30 days prior to the beginning date for each

Maintenance Dredging Annual Period. The Annual Maintenance Dredging Cost

Filing shall provide for the reconciliation under Section 24.3(c)(iv)

hereof.

 

(c) Maintenance Dredging Deferred Account (Account)

 

Southern LNG shall maintain the Account for the Deferral Period in accordance with

the following procedures:

 

(i) Each month, Southern LNG shall determine the Actual Maintenance Dredging

Costs.

 

(ii) Each month, Southern LNG shall multiply the currently effective Dredging

Surcharge by the Reservation Charge Billing Determinants for the month.

 

(iii) Each month, Southern LNG shall determine the difference, positive or

negative, between the amount computed in Section 24.3(c)(i) and 24.3(c)(ii)

and record such difference in a subaccount acceptable to FERC under the

Uniform System of Accounts, which Southern LNG shall designated as a

Maintenance Dredging Deferred Account. Interest shall be computed on the

balance in the Maintenance Dredging Deferred Account, positive or negative,

based on the method prescribed in the Commission's Regulations.

 

(iv) In each Annual Maintenance Dredging Cost Filing, Southern LNG shall adjust

its Dredging Surcharge, as described in Section 24.3(d) below, either

positively or negatively to recover or return the balances in the

applicable FERC Account No. 186 sub-account.

 

(d) Determination of the Dredging Surcharge

 

(i) Southern LNG shall determine the Estimated Maintenance Dredging Costs for

the upcoming Maintenance Dredging Annual Period.

 

(ii) The Estimated Maintenance Dredging Costs shall be offset against or added

to, as appropriate, the balance accumulated at the end of the Deferral

Period in the Maintenance Dredging Deferred Account, as determined in

accordance with Section 24.3(c).

 

(iii) The amounts determined in Section 24.3(d)(ii) above shall be divided by the

Estimated MSQ Reservation Charge Billing Determinants.