Cheyenne Plains Gas Pipeline Company, L.L.C.
Original Volume No. 1
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Effective Date: 07/26/2010, Docket: RP10-876-000, Status: Effective
First Revised Sheet No. 281A First Revised Sheet No. 281A
Superseding: Original Sheet No. 281A
GENERAL TERMS AND CONDITIONS
10. IMBALANCE MANAGEMENT
10.4 Cash Out. All remaining imbalances shall be subject to the following
Cash Out provisions.
(a) Determination of Cash Out Quantities. The term "cash out"
shall refer to the valuation of an imbalance at a market-
related price pursuant to the requirements of this section.
Application of the cash out process will result in a monetary
value due to the Shipper or Transporter which upon payment,
will result in reduction of the imbalance to zero.
(i) Transporter shall determine the imbalance quantity
applicable to each TSA through the last Day of the
(ii) Shippers shall have the opportunity to reduce the end-
of-Month imbalances pursuant to the imbalance trading
procedures above. Such reductions, if any, shall
determine a final end-of-Month imbalance for each TSA.
(iii) Except as provided in Sections 10.2(g) and 10.2(h),
Transporter and Shipper shall Cash Out the full
imbalance by applying the Cash Out Index Price to the
final end-of-Month imbalance if such imbalance exceeds
the Monthly threshold quantity. If the end-of-Month
imbalance does not exceed the Monthly threshold, such
imbalance will be forwarded to the next Month's
imbalance calculation, unless the Shipper elects to cash
out the imbalance.
(iv) The Monthly threshold applicable to a Rate Schedule FT
TSA will be calculated by multiplying the MDQ by the
number of Days in the applicable Month and 3%. The
Monthly threshold applicable to a Rate Schedule IT TSA
will be calculated by multiplying the monthly scheduled
quantity by 3%.
(b) Determination of Cash Out Liabilities.
(i) Shipper shall not be subject to cash out if the
imbalance occurs at an interconnection between
Transporter's System and another interstate pipeline,
unless Shipper fails to follow the scheduling procedures
of Section 6 of the General Terms and Conditions.
(ii) Imbalances shall be valued at the reference prices for
the Month that the imbalance accumulated.