Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 07/01/1994, Docket: RP94-238-000, Status: Effective

First Revised Sheet No. 316 First Revised Sheet No. 316 : Superseded

Superseding: Original Sheet No. 316

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

 

adjustments which Panhandle shall become obligated to

pay, if such prior period adjustments arise from

services provided or Gas purchased at any time

commencing July 31, 1991 through the end of the day

prior to the effectiveness of this Section 18.8.

Upon the effectiveness of this Section 18.8, the

unrecovered Account No. 191 Deferred Account Balance

shall be adjusted to include a final reconciliation

of amounts for exchange transactions and transportation

imbalances recorded in Account No. 806. If the

balance of Panhandle's FERC Account No. 191 shall be

a credit balance, or Panhandle later receives refunds

from its suppliers for services provided prior to the

effectiveness of this Section 18.8, Panhandle shall

refund a proportionate share of such balance or

refunds to the Buyers affected hereunder.

 

(c) Amount of Direct Bills and Refund

 

The amount of the Direct Bill and Refunds to any

Buyer shall consist of a Deferred Account Component,

as described in Section 18.8(d) hereof, and a prior

Period Adjustment Component, as described in Section

18.8(e) hereof. Each component shall reflect demand

and commodity charges, as may be appropriate.

 

(d) Calculation of the Deferred Account Component

 

(1)The Deferred Account Component of Buyer's Direct

Bill shall be computed for each Buyer by adding

Buyer's proportionate share of Panhandle's

commodity, including carrying charges, deferred

account balance to Buyer's proportionate share of

Panhandle's demand, including carrying charges,

deferred account balance.