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. 32M Original Sheet No. 32M : Effective
GENERAL TERMS AND CONDITIONS
Section 19.5(i) Annual PGA Filing (Continued):
(ii) If the refund subaccount balance is a credit balance,
disbursing to its jurisdictional customers in cash the total
refund subaccount balance when the total refund subaccount
balance equals or exceeds an amount which is the lesser of:
(A) $2 million, or
(B) 1 cent per MMBtu, determined by dividing X by Y where:
X= The monthly ending refund balance, and
Y= The quantity of a pipelines most recent 12 months of
actual jurisdictional sales.
(iii) The disbursement shall be made by Seller within
90 days of the end of the month in which it receives
a refund, revenue credit, or billing adjustment which causes
the refund subaccount balance to reach the level stated in
Paragraph 19.5(i) (l)(ii)(A) or (l)(ii)(B).