TransGas Comprehensive Tariff
The request for long-term Summer Use Storage Service may be subject to the prorating of Capacity. In any given year, if sufficient Capacity is not offered to satisfy the current RFR Customer’s requirements, then, at the Customer’s option, the Capacity requirements not contracted for the current term will be placed in the TransGas Queue and given a priority position. The TransGas Queue Policy will apply. 3) Storage Service Billings and Payments 3.1) Interest on Overdue Invoices Interest may be charged on all unpaid portions after the due date based on an annual interest rate of prime plus 4 %. 4) Storage Rates and Other Charges 4.1) Non-Standard Service Customer may be required to pay any additional costs incurred by TransGas to provide non-standard Service. 5) Storage Investment Policy 5.1) Applicability The Storage Investment Policy applies to all new and existing Storage Customers, who contract incrementally for either existing Contracted Capacity and/or Contracted Rate of Withdrawal or for Contracted Capacity and/or Contracted Rate of Withdrawal associated For a new Storage project, Customer(s) shall pay a capital contribution for facility costs except those costs covered by TransGas Investment. The capital contribution may also include a contribution toward their allocated share of prior facility costs, if Contracted Capacity and/or Contracted Rate of Withdrawal become available or if a new Storage project is initiated, within a Five-Year Window as described in 5.4 below. The Storage Facility will remain the property of TransGas. 5.3) TransGas Investment Levels TransGas Investment in Storage Facility costs will be equal to that level supported by the present Storage tolls plus an equal sharing, with the Customers receiving incremental Storage Service from the facilities, of any project costs above the prior Customer capital contribution amounts which would be subject to refunds within the Five-Year Window. 5.4) Five-Year Window with a new Storage project. 5.2) Capital Contribution The Five-Year Window is the five year period, commencing with the Effective Date of the final contracting of a new Storage project during which Customer(s) may be required to make capital contributions toward these prior projects. Refunds to Customer(s) who have made capital contributions to that project will be available during this period.
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Business Practices Overview 1.3 General Business Policies
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