Maritimes & Northeast Pipeline, L.L.C.

First Revised Volume No. 1

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Effective Date: 07/01/2010, Docket: RP09-809-004, Status: Effective

Sub Fifth Revised Sheet No. 308 Sub Fifth Revised Sheet No. 308

Superseding: Fifth Revised Sheet No. 308

 

GENERAL TERMS AND CONDITIONS

(continued)

 

33. INTERRUPTIBLE REVENUE SHARING MECHANISM

 

33.1 General. In conjunction with its annual filing under Section 20

(FRQ) of the GT&C, Pipeline will determine the amount of revenues

(if any) during the applicable annual reconciliation period that

are in excess of $9 million for providing mainline interruptible

services (including MNIT, MNPAL, and any other mainline

interruptible services that become effective in the future under

the Tariff).

 

33.2 Reconciliation Period. Each annual reconciliation period for

determining shared revenues for providing mainline interruptible

services will be the twelve months ended July 31.

 

33.3 Computation. To the extent that revenues for providing mainline

interruptible services (less the amounts resulting from (i)

applicable surcharges; (ii) the minimum Usage Charge for all

quantities transported under the applicable interruptible rate

schedules; and (iii) penalties pursuant to Section 3.2(A)(3) of

Rate Schedule MNIT) during the applicable annual reconciliation

period exceed $9 million, then fifty percent (50%) of the

revenues in excess of $9 million will be retained by Pipeline and

the remaining fifty percent (50%) of excess revenues will be

credited pro rata to all firm mainline Customers. Any such

credit will be due and payable to firm mainline Customers along

with the next debit or credit for Customers contemplated under

Section 20.4(c) of the GT&C. Any such credit under this Section

33.3 will be allocated pro rata, based on actual throughput

during the applicable annual reconciliation period.