High Island Offshore System, L.L.C.
Third Revised Volume No. 1
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Effective Date: 12/01/2007, Docket: RP08- 36-001, Status: Effective
Substitute Fourth Revised Sheet No. 173B Substitute Fourth Revised Sheet No. 173B : Pending
Superseding: Third Revised Sheet No. 173B
GENERAL TERMS AND CONDITIONS
28.3(b) Unaccounted For Gas. The Unaccounted For Gas percentage shall
be calculated annually as the quotient of a) the Unaccounted For
Gas experienced for the previous calendar year ending each
December 31 and b) the projected quantity of gas received by
HIOS for the account of Shippers during the recovery period.
HIOS shall include supporting workpapers.
28.3(c) Company Use True up. As part of each annual filing made
pursuant to this Section 28, HIOS shall calculate a Company Use
True up percentage each year as the quotient of a) the Company
Use Variance on the balance sheet of the company as of the end
of the previous calendar year, plus carrying charges, and b)
the projected quantity of gas received by HIOS for the account
of Shippers during the recovery period. HIOS shall include
Notwithstanding the foregoing, HIOS shall mitigate any positive
Company Use true-up as provided herein. If, at the end of a
calendar year, HIOS has a negative Company Use Variance and
calculates a positive Company Use true-up pursuant to this
Section; and during the same calendar year utilized herein HIOS
realizes net positive cashout revenue as provided in Section
8.6 of these General Terms and Conditions; then HIOS shall
utilize such net positive revenues to either offset or purchase
Gas quantities and reduce or eliminate any such positive
Company Use true-up as provided below.
Each month HIOS shall record a) the costs or revenues and b)
the negative or positive quantities of CUV for that Month. At
the end of the calendar year, HIOS shall calculate an average
CUV price ("ACUVP") which shall equal the quotient of the net
costs of the CUV divided by the net negative quantities of the
CUV, both as reflected on the balance sheet of the company at
the end of such year. If electing to offset any positive
Company Use true-up, HIOS will reduce the costs and quantities
using the ACUVP. If electing to purchase quantities, HIOS
shall post a notice on its bulletin board soliciting bids for
the sale of the Gas and shall accept the bid(s) with the lowest
net cost to HIOS.
28.3(d) Company Use Percentage. The Company Use Percentage shall equal
the sum of the Compressor Fuel percentage, the Unaccounted For
Gas percentage and the Company Use True up percentage.
28.4 Interim Adjustment to Company Use Percentage. HIOS shall monitor the CUV
monthly. Each September, HIOS shall calculate the percentage relationship
of CUV to actual Company Use for the previous six (6) month period (i.e.
March - August). If the CUV is more than fifteen percent (15%) of the
actual Company Use, HIOS shall revise the Company Use Percentage to equal
the average monthly actual Company Use during such six (6) month period,
and shall file a tariff sheet and supporting workpapers with the Commission
as soon as final data for the months March through August is available, to
be effective the first day of the month following the filing, to implement
the revision in the Company Use Percentage. Such filing shall become
effective on the proposed effective date following a minimum suspension.