Algonquin Gas Transmission, LLC
Fifth Revised Volume No. 1
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Effective Date: 11/30/2009, Docket: RP10-77-000, Status: Effective
Second Revised Sheet No. 574 Second Revised Sheet No. 574
Superseding: First Revised Sheet No. 574
GENERAL TERMS AND CONDITIONS
25.IMBALANCE RESOLUTION PROCEDURES (continued)
Algonquin will provide the ability to post and trade imbalances at any
time during the gas flow Month, and until the seventeenth Business Day
after the end of the Month. To facilitate the trading process,
Algonquin will, upon receipt of Cash-out Party's authorization, post a
Cash-out Party's imbalance quantity on its Web Site. Authorizations
to Post Imbalances that are received by Algonquin by 11:45 a.m. will
be effective by 8:00 a.m. the next Business Day (central clock time).
An Authorization to Post Imbalances will remain in effect until
cancelled by the Cash-out Party. Imbalances previously authorized for
posting will be posted as they become available, but no later than the
ninth Business Day of the Month; however, Algonquin will not be
required to post zero imbalances. The information posted will also
identify the Cash-out Party, the contract, the Operational Impact Area
and the gas flow Month applicable to the posted imbalance quantity.
For purposes of determining the imbalance quantity that will be
posted, all imbalances within an Operational Impact Area due Cash-out
Party under all of Cash-out Party's contracts and all imbalances in
that Operational Impact Area due Algonquin under all of Cash-out
Party's contracts shall be summed together to yield a single net
imbalance quantity for the Cash-out Party in that Operational Impact
Area for the Month, unless otherwise agreed to pursuant to Section
25.9 below. Algonquin will provide to all Customers the ability to
view, and upon request, download posted imbalance information.
Algonquin shall enable the imbalance trading process by (i) receiving
the Request for Imbalance Trade, (ii) receiving the Imbalance Trade
Confirmation, (iii) sending the Imbalance Trade Notification to all
affected parties, and (iv) reflecting the trade prior to or on the
next monthly Customer Imbalance or cashout. When trading imbalances,
the quantity to be traded must be specified. After receipt of an
Imbalance Trade Confirmation, Algonquin will send the Imbalance Trade
Notification to the initiating trader and the confirming trader no
later than noon (central clock time) on the next Business Day.
Imbalance trades can only be withdrawn by the initiating trader and
only prior to the confirming trader's confirmation of the trade.
Imbalance trades are considered final when confirmed by the confirming
trader and effectuated by Algonquin. Algonquin shall update the Cash-
out Party's imbalance data to reflect any final trades of imbalance
quantities no later than 9:00 a.m. CT on the next Business Day after
the trade is finalized.