Carolina Gas Transmission Corporation
Original Volume No. 1
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Effective Date: 11/01/2006, Docket: CP06- 71-001, Status: Effective
Original Sheet No. 200 Original Sheet No. 200 : Effective
28. INTERRUPTIBLE TRANSPORTATION REVENUE SHARING
28.1 Shared Revenue Determination. After twelve (12) Months of
operations, and then as of the end of the same Month of each
succeeding calendar year, Pipeline will compare Shared Revenues
received during the prior Accrual Period with Mitigation Costs.
Shared Revenues for the Accrual Period that exceed the Mitigation
Costs will be credited to firm Shippers under Section 28.2.
(a) Shared Revenues shall be calculated for each Accrual Period
and shall equal revenues, net of all variable costs,
surcharges, penalties, and facility charges, received by
Pipeline during the Accrual Period: (i) under Rate Schedule
FT Short Term Service Agreements; (ii) under Rate Schedule
FT Section 3.3(c) for quantities in excess of MDTQ; (iii)
in excess of the discounted revenues under the discounted
Long Term Service Agreement that formed the basis of the
discount rate adjustment developed as part of the
settlement rates filed in Docket Nos. CP06-71-000, CP06-72-
000, and CP06-73-000; (iv) under Rate Schedule IT; (v)
under Rate Schedule FT Section 3.3(d); and (vi) under Rate
(b) Mitigation Costs. In each Accrual Period, Mitigation Costs
shall equal $710,787.
28.2 Shared Revenue Disposition. Shipper’s revenue credit shall be in
proportion to the total revenues paid by Shipper under Rate
Schedule FT to the total revenues received by Pipeline under Rate
Schedule FT during the Accrual Period. Such credit shall be made
to Shipper invoices within three (3) Months following the end of
the Accrual Period.
28.3 Filing with the Commission. Within three (3) Months following
the end of the Accrual Period, Pipeline shall file with the
Commission a report containing the interruptible transportation
revenue credit sharing calculations.