Crossroads Pipeline Company

First Revised Volume No. 1

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Effective Date: 11/01/2001, Docket: RP02- 14-000, Status: Effective

Original Sheet No. 549 Original Sheet No. 549 : Effective

 

OPERATIONAL BALANCING AGREEMENT

 

This Operational Balancing Agreement ("Agreement") is made and entered into to be effective as of the

______ day of ______________, 20___, by and between Crossroads Pipeline Company ("Crossroads") and

________________________________ ("____________"), collectively referred to herein as the "Parties," or

individually as a "Party."

 

W I T N E S S E T H:

 

WHEREAS, the parties operate certain pipeline facilities which interconnect at the point(s) (the

"Interconnection Point(s)") identified in Exhibit "A" attached hereto;

 

WHEREAS, one or both Parties have entered into one or more transportation agreements with various

shippers (the "Shippers") whereby the Parties either receive gas which the Shippers cause to be delivered at

the Interconnection Point(s) or deliver gas which the Shippers cause to be received at the Interconnection

Point(s);

 

WHEREAS, from time to time the aggregate quantity of gas delivered to or by the Parties at the

Interconnection Point(s) is greater or less than the aggregate quantity of gas nominated by the Shippers and

confirmed by the Parties at the Interconnection Points, resulting in the inadvertent overdelivery or

underdelivery of gas by one Party to the other Party relative to the Shippers' nominated quantities (the

"Operational Imbalance");

 

WHEREAS, the Parties desire to provide for a means whereby certain actions will be taken by them in

order to prevent the occurrence of an Operational Imbalance at the Interconnection Point(s) and to reduce or

eliminate any Operational Imbalance which may occur at the Interconnection Point(s);

 

NOW THEREFORE, in consideration of the mutual covenants and provisions herein contained and subject

to all of the terms, provisions and conditions herein set forth, the Parties do hereby agree as follows: