Discovery Gas Transmission LLC
Original Volume No. 1
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Effective Date: 01/01/2008, Docket: RP08- 70-001, Status: Effective
Second Revised Sheet No. 143 Second Revised Sheet No. 143 : Effective
Superseding: Second Sub First Revised Sheet No. 143
If deliveries for a Shipper's account exceed receipts for
Shipper's account under a Service Agreement, the Underage Index
will apply. If receipts for a Shipper's account exceed deliveries
for a Shipper's account under a Service Agreement, the Overage
Index will apply. Cashouts will occur at the Delivery Points on a
Shipper Agreement.
b. The monthly imbalance under each Service Agreement will be the
difference between total receipts, minus reductions for Fuel, Lost
and Unaccounted for Gas, and total deliveries. The imbalance
level will be determined by dividing the imbalance quantity by the
total quantity of Gas received for Shipper's account during the
relevant Month under each Service Agreement. Transporter shall
cash out Shipper's entire Overage or Underage imbalance quantity
at a price equal to the product of the index percentage
corresponding to the Overage or Underage Imbalance Level, as
appropriate, and the imbalance quantity. For purposes of
calculating imbalances and determining the imbalance level,
imbalances will be aggregated for a Shipper (and its affiliates)
which has (have) multiple Service Agreements and the Overage or
Underage Imbalance Level for such Shipper(s) will be the
aggregated imbalance quantity divided by the total quantity of gas
received for Shipper(s)'s account(s) during the relevant month
under all of the Service Agreements of the Shipper (and its
affiliates).
c. The Overage Index Price is the arithmetic average of the lowest
price posted in the table "Natural Gas Weekly Spot Prices"
published by Energy Intelligence Natural Gas Week for sales during
the Month the imbalance occurred, under the column "$/MMBtu" for
(i) "Gulf Coast", "Col. Gulf - Erath"; (ii) "Gulf Coast", "Tenn
500 So La Z1"; and (iii) "Gulf Coast", "Tetco ELA".
d. The Underage Index Price is the arithmetic average of the highest
price posted in the table "Natural Gas Weekly Spot Prices"
published by Energy Intelligence Natural Gas Week for sales during
the Month the imbalance occurred, under the column "$/MMBtu" for
(i) "Gulf Coast", "Col. Gulf - Erath"; (ii) "Gulf Coast", "Tenn
500 So La Z1"; and (iii) "Gulf Coast", "Tetco ELA".