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. 181 Original Sheet No. 181 : Effective

 

(c) Positive Imbalances. Subject to Sections 19.3 and 19.4, if

Shipper has accrued a Positive Imbalance, such imbalance

shall be cashed out as follows:

 

(1) If the aggregate of the Net Monthly Imbalances for

all Shippers results in a Positive Imbalance,

Pipeline shall pay Shipper per Dt for Shipper’s Net

Monthly Imbalance at the following prices specified

for each stated percentage that Shipper’s receipts

exceed its deliveries; provided, however, in any

event the first 1,000 Dts shall be cashed out at 100%

of the Median Price.

 

Percentage of Excess

Receipts Price

0 to 5% 100% of Median Price

>5 to 10% 90% of Low Price

>10 to 15% 75% of Low Price

>15 to 20% 55% of Low Price

>20% 30% of Low Price

 

For purposes of determining the tier at which an

imbalance will be cashed out, the price will apply

only to quantities within a tier. For example, if

there is a six percent (6%) imbalance, quantities

that comprise the first five percent (5%) of the

imbalance are priced at 100% of the Median Price, and

quantities comprising the remaining one percent (1%)

of the imbalance are priced at 90% of the Low Price.

 

(2) If the aggregate of the Net Monthly Imbalances for

all Shippers results in a Negative Imbalance,

Pipeline shall pay Shipper per Dt at 100% of the

Median Price.

 

(d) Offset of Payments. In the event Shipper owes Pipeline any

payments under subsection (b) above from a previous Month

which are past due, Pipeline may offset payments it owes to

Shipper under subsection (c) above by such past due

amounts.

 

(e) System Net Monthly Imbalance. At the end of a Month,

Pipeline will post the aggregate of the Net Monthly

Imbalances for all Shippers on its Internet Website.