GENERAL TERMS AND CONDITIONS OF SERVICE
(Continued)
16. BALANCING (Continued)
16.1 (Continued)
(d) Crediting of Penalties (Continued)
(iii) Timing of Credits. Within forty-five (45) days after
November 1st of each year, NBP shall determine the
total amount of the Net Penalty Revenues received
during the previous 12-month period and the portion of
such amount to be credited to each Shipper. Such
credits shall be reflected as a credit billing
adjustment on the next bills rendered to the Shippers.
In the event that such credit billing adjustment would
result in a net credit on the total bill to any
Shipper, or in the event the Shipper is no longer a
shipper on NBP system, NBP will pay to such Shipper
its share of the Net Penalty Revenues within fifteen
(15) days after determination of the amount of the
credit due to the Shipper.
(iv) Minimum Credit Amount. NBP shall not be obligated to
issue penalty credits during any year in which Net
Penalty Revenues are less than or equal to $10,000.
(e) Imbalance Netting: A Shipper may net imbalances between its
service agreements.
(Continued)
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Issued by: John A Roscher, Director of Rates & Reguatory Affairs
Issued on: September 9, 2002 Effective on: August 12, 2002
Filed to comply with order of the Federal Energy Regulatory Commission, Docket
No. RP02-363-000, issued August 9, 2002 |