Hardy Storage Company, LLC
Original Volume No. 1
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Effective Date: 04/01/2007, Docket: CP05-150-003, Status: Effective
Original Sheet No. 143 Original Sheet No. 143 : Effective
GENERAL TERMS AND CONDITIONS (Cont’d)
19.3 Penalty Crediting Mechanism.
(a) The purpose of this provision is to provide the mechanism by
which Seller shall credit any "Penalty Revenues," as defined herein, to
(b) For purposes of this Section 19.3 the following definitions shall
(i) The term "Penalty Revenues" shall mean penalty amounts
assessed and actually collected, net of Seller's costs, during each
month of a contract year (April 1 to March 31) pursuant to the penalty
provisions of this Tariff.
(ii) The term "Non-Penalized Customers" shall mean Customers,
other than Customers that were assessed penalties during any month of
a contract year (April 1 to March 31) pursuant to the penalty
provision of this Tariff.