Dominion Transmission, Inc.
Third Revised Volume No. 1
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Effective Date: 09/01/2001, Docket: RP00-344-001, Status: Effective
Second Revised Sheet No. 1500 Second Revised Sheet No. 1500 : Effective
Superseding: Substitute First Revised Sheet No. 1500
GENERAL TERMS AND CONDITIONS
Imbalance Netting and Trading
40. Imbalance Netting and Trading.
A. Imbalance trading as described herein is
available to any Customer receiving service pursuant
to 18 C.F.R. Part 284 under Rate Schedules FT or IT
(excluding ITAGG). Customer may designate an agent to
trade imbalances on its behalf.
B. Pipeline will provide each Customer its best
available monthly imbalance data no later than the
ninth (9th) Business Day of the succeeding month.
Monthly imbalance quantities shall be netted across
all Part 284 Rate Schedule FT and IT contracts held by
Customer related to each Operational Impact Area
C. Pipeline shall allow Customers to trade their Monthly
Imbalances within the same Operational Impact Area if
the trade is an offsetting transaction between two
parties and results in a Monthly Imbalance quantity for
both parties closer to zero. During the Summer Period,
the Operational Impact Area shall be defined as
Pipeline's entire transmission system. During the
Winter Period, Pipeline's entire transmission system
shall be divided into two operational impact areas,
based on whether deliveries are made to points upstream
or downstream of Valley Gate Junction. Winter Period
Operational Impact Areas are necessary to ensure system
integrity, to preserve system reliability, and to
maintain adequate supplies and pressures to serve
Customers in accordance with this tariff and shall
remain in effect for the entire Winter Period; provided
however, Pipeline will monitor storage inventory levels
and weather throughout the Winter Period and if
conditions warrant, Pipeline shall post the return of
the system-wide Operational Impact Area on its EBB by
the 20th of the month preceding the month in which the
change will become effective.
D. To the extent authorized by Customer, Pipeline
shall post Customer's Monthly Imbalance(s) on its EBB,
which shall include quantities and, if applicable, any
relevant Operational Impact Area information.
Pipeline shall not be required to post zero
imbalances. Customer authorizations to post