K N Interstate Gas Transmission Co.
Second Revised Volume No. 1-B
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Effective Date: 11/01/1994, Docket: RP94-397-000, Status: Effective
Original Sheet No. 75 Original Sheet No. 75 : Superseded
GENERAL TERMS AND CONDITIONS FOR SERVICES - continued
30.5 Carrying Charges
Carrying costs at the interest rate allowed under the Commission's
Rules and Regulations, 18 C.F.R. 154.67 (c), shall be applicable to
any adjustments under Section 30.3 of these General Terms and
Conditions and to any amount amortized under Section 30.4 of these
General Terms and Conditions.
30.6 Sunset Provision
(a) This tracking mechanism shall terminate September 30, 1996;
provided, however, that any balance remaining in the deferred
account under Section 30.3(c) as of September 30, 1996 shall
be collected or refunded as appropriate by adjusting the
January 1997 billings of each customer of record on July 1,
1996, pro rata based on each customer's Account No. 858 cost
recovery contribution for the period July 1 through September
30, 1996. If any such customer has left Transporter's system,
any amounts owed or due shall be directly refunded or
invoiced, as appropriate, on the same pro rata basis.
(b) Any applicable refunds received after January 1997 shall be
directly refunded pro rata in accordance with the procedure
set out in subsection 30.6(a).
31. OPERATIONAL BALANCING AGREEMENTS
31.1 General. Any imbalances arising under any transportation agreement
between Shipper and Transporter that are attributable to variances
(1) between actual receipts of natural gas and scheduled and
confirmed receipts of natural gas at Point(s) of Receipt into
Pipeline's system, or (2) between actual deliveries of natural gas
and scheduled and confirmed deliveries of natural gas at Point(s)
of Delivery from Transporter's system, which Point(s) of Receipt
and/or Point(s) of Delivery are subject to Operational Balancing
Agreements ("OBAs") as more fully described in Section 31.2 on the
day or days such variances arise, will be resolved pursuant to the
applicable OBA and Shipper will not be subject to any imbalance
charges or penalties pursuant to its transportation agreements with
Transporter for such imbalances.