Chandeleur Pipe Line Company

Second Revised Volume No. 1

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Effective Date: 08/01/2010, Docket: RP10-915-000, Status: Effective

Fourth Revised Sheet No. 52 Fourth Revised Sheet No. 52

Superseding: Third Revised Sheet No. 52

 

GENERAL TERMS

AND CONDITIONS

 

(c) Cash Out of Remaining Imbalances

 

(i) On or after the twentieth (20th) Day of each Month,

all remaining Net Positive or Net Negative Monthly

Imbalances for each Shipper will be divided by the sum

of the total gas volumes delivered under all such

Service Agreements for such Shipper during such Month

to yield Shipper's Net Imbalance Percentage for said

Month.

 

(ii) If Shipper has a Net Positive Monthly Imbalance for

such Month, then Chandeleur shall pay Shipper, by the

tenth (10th) Day of the Month following the Month

Shipper receives its Imbalance Statement, for each and

every Dkt of such Net Positive Monthly Imbalance the

Applicable Index Price, based on the aforementioned

Net Imbalance Percentage, according to the following

tiers:

 

Net Imbalance Percentage Applicable Index Price

(per Dkt of Net Positive

Monthly Imbalance)

 

Up to 2.5% 100% x Weekly Average

Price

 

2.5% to 5% 95% x Weekly Average

Price

 

5% to 10% 90% x Weekly Average

Price

 

10% to 20% 80% x Weekly Average

Price

 

20% to 30% 70% x Weekly Average

Price

 

>30% 60% x Weekly Average

Price