Destin Pipeline Company, L.L.C.

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 01/14/2005, Docket: RP05-123-000, Status: Effective

Fourth Revised Sheet No. 89 Fourth Revised Sheet No. 89 : Effective

Superseding: Third Revised Sheet No. 89

GENERAL TERMS AND CONDITIONS

(Continued)

 

Section 14.1(f) (continued)

 

Development Department in writing no later than

three (3) business days after the end of the month

to post its Net Monthly Imbalance for said month.

After the Net Monthly Imbalances are posted on

Company's Internet Web Site, SHIPPERS shall have

five (5) business days (Trading Period) within

which to trade offsetting Net Monthly Imbalances.

Both SHIPPERS that agree to trade all or part of

their Net Monthly Imbalances must notify COMPANY's

Business Development Department in writing on the

form provided by COMPANY by 5:00 p.m. Central

Clock Time on the last day of the Trading Period.

Each notice shall include the name of the SHIPPER

sending the notice, the name of the other SHIPPER

agreeing to the trade, the volume (in Dths) of the

SHIPPER's Net Monthly Imbalance that is to be

traded, and a certification that SHIPPER has taken

all steps necessary to effect the trade with the

other party. Each SHIPPER to the trade agrees to

indemnify and hold COMPANY harmless from and

against any claims that either SHIPPER may have

against the other arising out of or as a result of

the trade.

 

(g) No monthly imbalance penalty will be imposed when a prior

period adjustment applied to the current period causes or

increases a current month penalty. In the event there is a prior

period adjustment to the quantities of gas booked under SHIPPER's

Service Agreements due to liquefiables reconciliation, metering

errors or other errors attributable to COMPANY's responsibilities

under its Tariff, the quantity of such adjustment shall be cashed

out at 100% of the Index Price for the month in which the error

occurred.