Columbia Gulf Transmission Company
Second Revised Volume No. 1
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Effective Date: 08/01/2008, Docket: RP07-174-001, Status: Effective
First Revised Sheet No. 216C First Revised Sheet No. 216C : Pending
Superseding: Original Sheet No. 216C
GENERAL TERMS AND CONDITIONS (Continued)
19.7 Annual Cash-Out Report.
Transporter will file an Annual Cash-Out Report that will calculate, on a system-wide basis, the
annual gross revenue balance (positive or negative) derived from the cash-out program, using the following
(a) Transporter will determine the cash balance and volumetric gas balance (“Cash Pool”) of its
cash-out program as of May 31 on an annual basis, including the cash subject to credit calculation (“Cash
Pool Determination”). The Cash Pool will be determined by crediting all revenues attributable to high/low
pricing of imbalances, regardless of the imbalance tier, to the annual determination of net cash-out loss or
gain, and will credit net-positive cash-out revenues in accordance with this Section 19.7. On or before
September 1, Transporter will file a report with the Commission which provides the results of the Cash Pool
Determination as calculated below. Any positive Cash Pool Determination will be credited to Shippers. Any
positive Cash Pool Determination subject to crediting pursuant to this provision will be credited to shippers
by September 30 pro rata based on transportation throughput for the twelve month period ending on May 31. Any
deficiency of cash shall be carried forward to the next Cash Pool Determination.
(1) If the Cash Pool balances include a positive or zero volumetric gas balance and a
positive cash balance, the resulting positive Cash Pool Determination will be subject to crediting.
(2) If the Cash Pool balances include a negative volumetric gas balance and a positive cash
balance, the following formula will be used to determine if there is a positive Cash Pool
Determination that will be subject to crediting.
Positive cash balance + (Negative volumetric gas balance * August NYMEX gas closing price) =
Cash Pool Determination.
(b) Transporter will carry forward to its next annual Cash-Out report any positive Cash Pool
Determination that is less than $250,000.
(c) Interest will be calculated on the balances in the Cash Pool in accordance with Section
154.501(d) of the Commission’s Regulations.
(d) Transporter’s operational purchases and sales of gas pursuant to Section 41 of the General
Terms and Conditions will not be included in the Cash Pool.
(e) Variances between actual gas receipts and actual deliveries at each point covered by an OBA
will be resolved in accordance with the terms of the OBA. Shippers will be deemed to be in balance with
Transporter and will not be subject to Transporter’s Cumulative Monthly Imbalance Cash-Out Mechanism where
the receipt point and delivery point are both covered by an OBA.