Columbia Gulf Transmission Company

Second Revised Volume No. 1

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Effective Date: 11/01/2000, Docket: RP00-605-000, Status: Effective

Third Revised Sheet No. 213 Third Revised Sheet No. 213 : Effective

Superseding: Second Revised Sheet No. 213

GENERAL TERMS AND CONDITIONS (Cont'd)

 

 

18.4 Effectiveness of Transfers. Any transfer made pursuant to Section 18.2 shall be effective on the

date a Shipper's completed nomination form is received by Transporter electronically through its EBB,

unless Transporter rejects the transfer within two business days of Transporter's receipt of such completed

nomination form pursuant to Section 18.5. Any transfer made pursuant to Section 18.3 shall be effective on

the date a Shipper's nomination to transport imbalance quantities is received by Transporter electronically

through its EBB, unless Transporter rejects the nomination prior to transportation pursuant to Section

18.5. A transfer shall become effective as of a date certain in accordance with the foregoing, and shall

have prospective, as opposed to retroactive, effect with respect to the affected accounts from that date

certain. The cumulative balance in such affected accounts shall be adjusted as of the effective date of a

transfer in accordance with the transfer.

 

18.5 Rejection by Transporter. Transporter may, in its reasonable discretion, reject any proposed

transfer if it determines that such transfer cannot be accommodated: (i) without diminishing Transporter's

ability to provide firm service to any Shipper; (ii) without increasing Transporter's firm service

obligations; (iii) because the gas sought to be transferred is not on Transporter's system; (iv) because of

the actual account status of the transferor's and transferee's accounts, as reflected in Transporter's

records; (v) because the transfer is requested to have a retroactive effective date; or (vi) without

threatening the integrity of Transporter's system. If the transfer is rejected pursuant to this Section

18.5, Transporter shall provide the Shipper seeking to transfer imbalances that Shipper's actual account

status under the applicable Service Agreement.

 

18.6 Imbalance Netting and Trading

 

(a) Definitions. For purposes of this Section 18.6, the following definitions shall be

applicable:

 

(1) "Operational Impact Area" is the term used to describe Transporter’s designation

of the largest possible area(s) on its system in which imbalances have a similar operational

effect.

 

(2) "Netting" is the term used to describe the process of resolving imbalances for

Shipper within an Operational Impact Area. There are two types of Netting: (a) summing is the

accumulation of all imbalances above any applicable tolerances for Shipper or agent; and (b)

offsetting is the combination of positive or negative imbalances above any applicable tolerances

for Shipper or agent.

 

(b) Month-end Imbalances.

 

(1) Transporter shall allow Shipper (including agents of Shipper) to net imbalances

within the same Operational Impact Area on and across service agreements with Shipper and to trade

imbalances within the same Operational Impact Area.

 

(2) Transporter shall provide Shippers the ability to post and trade imbalances until

at least the close of the seventeenth (17th) business day of the month.

 

(3) Transporter shall provide Shippers the ability to view and, upon request, download

posted imbalances.

 

(4) Imbalances to be posted for trading should be authorized by Shipper.

 

(5) Authorizations to post imbalances that are received by Transporter by 11:45 a.m.

(C.T.) should be effective by 8:00 a.m. (C.T.) the next business day. Imbalances previously

authorized for posting should be posted on or before the ninth (9th) business day of the month.