Northwest Pipeline Corporation G P
Fourth Revised Volume No. 1
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Effective Date: 05/08/2008, Docket: RP08-311-000, Status: Effective
First Revised Sheet No. 250 First Revised Sheet No. 250 : Effective
Superseding: Original Sheet No. 250
GENERAL TERMS AND CONDITIONS
20. LIQUIDS REVENUE CREDITING
20.1 Applicability. Revenues received by Transporter related to the
processing of mainline gas at Williams Gas Processing Company's (WGP)
Ignacio Plant will be credited to all Shippers transporting gas on
Transporter's system during the applicable time period.
20.2 Revenues to be Credited. Transporter will credit to eligible
Shippers 100 percent (100%) of the annual liquids revenues it receives
from WGP pursuant to the Joint Offer of Settlement Relating to Gas
Processing in Docket No. RP95-409.
20.3 Distribution Method. Revenue credits will be distributed to all
Shippers on a pro rata basis using each Shipper's monthly metered
transportation quantities, as reflected on Shipper's invoice, as a
percentage of the monthly total system transportation quantities for the
applicable year. Revenue crediting will be based on all transportation
service agreements utilized by each Shipper and not on an individual
transportation service agreement basis.
20.4 Timing of Credits. Payment will be made annually as a credit
against each Shipper's February invoice unless Transporter elects to
issue checks in February to all Shippers. However, Transporter will
issue a check to the Shipper if there is a net credit due the Shipper
unless the Shipper requests that the credit be carried over to
subsequent invoices due to a de minimis credit amount.
20.5 Interest. Transporter will pay interest to each Shipper, in
accordance with the procedures outlined in Section 154.501(d) of the
Commission's regulations, from the date the liquids revenues are
received by Transporter each month to the date the annual revenue
credits are disbursed to Shipper by check or, in the event of a credit
against Shipper's invoice, to the date the invoice is due to be paid.
20.6 Prior Period Adjustments. For purposes of liquids revenues
allocations, any adjustments affecting the transportation quantities for
a prior month will be applied to the current month during which the
adjustment was made.