West Texas Gas, Inc.

First Revised Volume No. 1

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Effective Date: 10/01/1996, Docket: RP96-377-000, Status: Effective

Original Sheet No. 32L Original Sheet No. 32L : Effective

 

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

Section 19.5(h) Annual PGA Filing (Continued):

 

(4) Carrying charge rate. Seller shall compute a

monthly carrying charge rate for carrying charges by:

 

(i) Stating on an annual basis the applicable calendar

quarterly rate prescribed in Section 154.501;

 

(ii) Dividing the annual rate by 365 or 366, if a leap

year, to compute a daily interest rate, expressed to the

nearest one ten-thousandth of one percent; and

 

(iii) Multiplying the daily interest rate by the number of

days in the applicable month, to compute a monthly rate,

expressed to the nearest one one-hundredth of one percent.

 

(i) Refunds - (1) General rule. Seller shall return to its

jurisdictional customers the jurisdictional portion, as

determined under Seller's FERC gas tariff, of all refunds

or revenue credits, and of all interest computed

on these amounts received from its suppliers for the pipeline's

purchases of natural gas. Seller shall return these amounts

to its jurisdictional customers by:

 

(i) Establishing a separately identified refund subaccount

of Account No. 191. During a deferral period Seller

shall:

 

(A) Credit the subaccount with the jurisdictional portion

of all refunds, revenue credits, and the related interest

received;

 

(B) Debit the subaccount with the out-of-period billing

adjustments; and,

 

(C) Debit if the subaccount balance is a debit balance or

credit if the subaccount balance is a credit balance with

the carrying charges computed under paragraph (h) of this

Paragraph 19.5.