Maritimes & Northeast Pipeline, L.L.C.
First Revised Volume No. 1
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Effective Date: 08/01/2010, Docket: RP10-948-000, Status: Effective
Third Revised Sheet No. 296 Third Revised Sheet No. 296
Superseding: Second Revised Sheet No. 296
GENERAL TERMS AND CONDITIONS
20. FUEL RETAINAGE QUANTITY (continued)
(c) Carrying Charges. Each Month the FRQ Deferred Account
shall be debited (if the balance in said account
is a debit balance) and shall be credited (if the
balance in said account is a credit balance) for
a carrying charge, which shall be determined in
accordance with the requirements of Section
154.403(c)(7) of the Commission's regulations.
(d) Calculation of Surcharge or Refund. With each annual
filing hereunder Pipeline shall calculate surcharges
or refunds designed to amortize the net monetary value
of the balance in the FRQ Deferred Account at the end
of the previous accumulation period. The surcharge or
refund shall be based upon the allocation of the FRQ
Deferred Account balance at the end of the twelve
Month accumulation period over the actual throughput
during the twelve Month accumulation period. A
Customer's net debit or credit for the twelve Month
period shall be due and payable sixty Days after the
Commission's acceptance of the annual filing.
20.5 Procedure for Filing. At least thirty (30) Days prior to
the effective date of a change in the FRP hereunder.
Pipeline shall file with the FERC a revised Statement of
Fuel Retainage Percentages setting out the proposed change
and supporting workpapers showing the calculations
developing such proposal. Pipeline shall file annually to
revise the FRPs as provided in Section 20.3 herein and
surcharge or refund as provided in Section 20.4 herein
effective on November 1 of each year. Pipeline may file
interim proposals between annual filings subject to
approval by the Commission.