Chandeleur Pipe Line Company

Second Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

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

Original Sheet No. 52A.a Original Sheet No. 52A.a

 

GENERAL TERMS

AND CONDITIONS

 

For purposes of determining the tier at which an imbalance

will be cashed out, the Applicable Index Price will apply

only to volumes within a particular tier. For example, if

there is a Net Positive Monthly Imbalance that equates to a

Net Imbalance Percentage of 7%, the volumes that make up the

first 2.5% (i. e., "Up to 2.5%") of the Net Positive Monthly

Imbalance will be priced at 100% of the Applicable Index

Price, volumes that make up the next 2.5% (i. e., "2.5% to

5%") of the Net Positive Monthly Imbalance will be priced at

105% of the Applicable Index Price, and volumes that make up

the remaining 2.0% (i. e., "5% to 10%") of the Net Positive

Monthly Imbalance will be priced at 110% of the Applicable

Index Price. All payments shall be in accordance with

Section 9.2 of the General Terms and Conditions of this

Tariff.

 

For these purposes, the Weekly Average Price shall be the

arithmetic average of the weekly average prices for spot gas

supplies at "Transco Zone 4," Southeast, in the table

"Natural Gas Weekly Spot Prices" of the publication of

"Natural Gas Week." The weeks to be used in determining

each Month's Weekly Average Price shall include all weeks

that such publication is issued within the calendar Month

during which the imbalance accrued, plus the first week of

the next succeeding Month.

 

(d) Imbalances Resulting From Force Majeure

 

Imbalances created as a direct result of a force majeure

event on Chandeleur's system during a Month shall be

resolved by Chandeleur and Shipper pursuant to the

provisions of this section; provided, however, that the

price to be paid by Chandeleur or Shipper for any Net

Positive or Net Negative Monthly Imbalance created during

the period in which such force majeure event occurred shall

be the Applicable Index Price for the "Up to 2.5% Net

Imbalance Percentage" for the period during which the force

majeure event occurred, regardless of the size of the Net

Positive or Net Negative Monthly Imbalance. Such payments

shall be made within thirty (30) Days of the end of such

force majeure event.