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