Cheniere Creole Trail Pipeline, L.P.

Original Volume No. 1

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Effective Date: 04/28/2008, Docket: RP08-137-000, Status: Effective

Original Sheet No. 144 Original Sheet No. 144 : Pending

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

13. MONTHLY BALANCING

 

All imbalances accrued by Shipper under its Service Agreement(s) shall be

resolved through the following mechanism.

 

A. Calculation of Monthly Imbalances

 

Transporter will calculate the imbalance for each Service Agreement by

determining the difference between (i) the total quantities of gas allocated

for the account of Shipper at the Receipt Point(s), which shall be based on

allocated quantities received into Transporter's pipeline system during the

Month of flow less quantities retained for fuel and (ii) the total quantities

of gas allocated for the account of Shipper for delivery at the Delivery

Point(s) during such Month of flow. All imbalances accrued by Shipper under

each of its Service Agreement(s) will be combined to derive a net

under-delivery or over-delivery imbalance for imbalance resolution purposes,

subject only to the assessment of any applicable transportation charges.

 

Transporter shall provide Shippers with a preliminary Balancing Statement at

the same time it renders transportation usage invoices for a particular month

and shall post a listing of Imbalances of all Shippers on its Internet

Website. Transporter shall provide the ability for Shippers to post and trade

imbalances until at least the close of the seventeenth (17th) business day of

the month, or for a longer period of time, subject to Transporter being able

to make final resolution of end-of-month imbalances pursuant to section 13.C

below. Transporter shall provide Shippers the ability to view and, upon

request, download posted imbalances.

 

B. Imbalance Trading Provisions

 

Shippers may net and trade on a volumetric basis with other Shippers within

the Operational Imbalance Area(s) designated by Transporter. Trading will be

allowed only when the trade will reduce the imbalance for each Shipper

involved in the trading. Third party imbalance management services will be

accommodated on a nondiscriminatory basis as long as these services comply

with applicable NAESB standards and do not adversely impact the Transporter's

system operations. Third party services will be required to comply with the

NAESB Nominations and Confirmation Time Limits and meet transporter credit

requirements appropriate for the quantity of shipper imbalance gas for which

such third party may be responsible