Dauphin Island Gathering Partners

First Revised Volume No. 1

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Effective Date: 07/01/2003, Docket: RP00-346-001, Status: Effective

Third Revised Sheet No. 178 Third Revised Sheet No. 178 : Effective

Superseding: Second Revised Sheet No. 178

 

 

13.3 Cash Out Procedures:

To the extent monthly imbalances are not resolved pursuant to

Section 13.2, all imbalances accrued by Shipper under each of its

Transportation Service Agreement(s) shall be resolved on a monthly

basis pursuant to this provision, Section 13.3.

 

(a) After each month, for the MP and DI systems individually,

Transporter will calculate the imbalance (in Dth) which exists

between the quantities of gas allocated each day to Shipper for

its account at the Receipt Point(s) during that month, less

lost-and-unaccounted-for gas and hydrocarbon liquids that

condense from the gas stream prior to the Delivery Point(s)

during that month, and the quantities of gas allocated each day

to Shipper for its account at the Delivery Point(s) during that

month ("Net Monthly Imbalance"). To determine an applicable

adjustment percentage, Shipper's Net Monthly Imbalance will be

based upon the lower of the Operating Data or the Actual Data

and will be divided by the scheduled deliveries under each

Transportation Service Agreement during the month ("Net Monthly

Imbalance Percentage").

 

(b) Subject to the provisions of Subsections (d) and (e) below, if

Shipper has accrued a Net Monthly Imbalance due Transporter,

Shipper shall pay Transporter for Shipper's Net Monthly

Imbalance at the following prices specified for each stated Net

Monthly Imbalance Percentage.

 

 

Net Monthly Imbalance

Percentage Due Transporter Price Per Dth

 

0 to 2% 100% of Average Price

>2 to 5% 100% of High Price

>5 to 10% 115% of High Price

>10 to 15% 125% of High Price

>15 to 20% 140% of High Price

>20% 150% of High Price

 

(c) Subject to the Provisions of Subsections (d) and (e) below, if

Shipper has accrued a Net Monthly Imbalance due Shipper,

Transporter shall pay Shipper for its Net Monthly Imbalance at

the following prices specified for each stated

Net Monthly Imbalance Percentage.