Carolina Gas Transmission Corporation
Original Volume No. 1
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Effective Date: 11/01/2006, Docket: CP06- 71-001, Status: Effective
Original Sheet No. 179 Original Sheet No. 179 : Effective
19. RESOLUTION OF IMBALANCES
19.1 Shipper’s imbalance for a Gas Day shall be the difference between
the allocated receipts and the allocated deliveries adjusted
upward for FRQ.
19.2 All imbalances accrued by Shipper under its Service Agreement(s)
and any Pooling Agreement(s) shall be resolved on a monthly basis
under the provisions herein.
19.3 Netting. For each Month, all of a Shipper’s cumulative
imbalances will be netted among its Pooling Agreement(s) and
Service Agreement(s). When an agent is authorized to resolve
imbalances on Pooling Agreements and Service Agreements of
multiple Shippers, all cumulative imbalances on such Pooling
Agreements and Service Agreements will be netted. If such agent
defaults on any imbalance payment, each Shipper will be
responsible for resolving the imbalances on its Pooling
Agreement(s) and Service Agreement(s).
19.4 Trading. Shippers may trade: (i) the previous Month’s netted
imbalances on their Service Agreements and Pooling Agreements;
and (ii) the previous Month’s imbalances on applicable OBAs.
Trading will be allowed when the resulting trade will reduce the
imbalances for each party involved in the trade. Imbalance
trades shall be made on the Internet Website from the 1st day of
the Month until the end of the 17th Business Day of the Month.
19.5 Cashout. If Shipper has an imbalance remaining after the close
of the trading period, such imbalance shall be cashed out under
the cashout provisions in this Section 19.5.
(a) Calculation of Imbalances.
(1) Pipeline will calculate the imbalance that exists
between the quantities of gas allocated to Shipper
for its account at the Receipt Points during that
Month and the quantities of gas allocated to Shipper
for its account at Delivery Points during that Month.
The Net Monthly Imbalance will be derived for the
purposes of the following calculations.
(2) Shipper’s net imbalance percentage for the Month
shall equal Shipper’s Net Monthly Imbalance divided
by the lesser of the actual Dts of gas received or
delivered under all Shipper’s agreements during the