Algonquin Gas Transmission, LLC

Fifth Revised Volume No. 1

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Effective Date: 02/13/2010, Docket: RP10-308-000, Status: Effective

Fourth Revised Sheet No. 578 Fourth Revised Sheet No. 578

Superseding: Third Revised Sheet No. 578

 

GENERAL TERMS AND CONDITIONS

(continued)

 

25. IMBALANCE RESOLUTION PROCEDURES (continued)

 

The applicable imbalance percentage for purposes of determining

the applicable cash out price shall be determined by dividing the

excess receipts by the total receipts (less fuel). The

calculation of the amount due Cash-out Party relating to excess

receipts shall also include a transportation imbalance credit,

which shall be calculated by multiplying the excess receipt

quantities by the weighted average of the Commodity Charges owed

on all quantities of gas delivered during the Month to that Cash-

out Party. Algonquin shall have no responsibility for the

distribution of funds beyond the initial distribution to the

Cash-out Party.

 

(d) [Reserved for Future Use]

 

(e) Credit. On a monthly basis Algonquin shall credit or debit, as

appropriate, the Fuel Reimbursement Quantity Deferred Account as

provided in Section 32 herein, the net proceeds from the

operation of the imbalance resolution procedures contained in

this Section 25.

 

26. ACTIONS REQUIRED TO PROTECT SYSTEM OPERATIONS

 

26.1 If any of the following conditions occur, then Algonquin may take the

actions described in Section 26.2 in addition to actions permitted

elsewhere herein:

 

(a) Customer's actual average hourly deliveries over any period of

time under all contracts under which gas is delivered for

Customer's account at a given Point of Delivery exceed receipts

of gas for Customer's account at relevant Point(s) of Receipt, or

 

(b) Actual average hourly deliveries under all contracts under which

gas is delivered for Customer's account at a given Point of

Delivery are less than receipts of gas for Customer's account at

relevant Point(s) of Receipt, and

 

(c) Algonquin determines in its reasonable discretion that, if

Algonquin does not take prompt action, Algonquin's ability to

continue to deliver scheduled quantities to other Customers may

be impaired by the further accumulation of such imbalances.

 

For the purposes of this Section 26, the term "Customer" refers to one

or more of Customer, operator or agent, as applicable.