Southeast Supply Header, LLC
Original Volume No. 1
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Effective Date: 09/04/2008, Docket: CP07-44-005, Status: Effective
Original Sheet No. 208 Original Sheet No. 208
GENERAL TERMS AND CONDITIONS
1. DEFINITIONS (continued)
The term "Negotiated Rate" shall mean a rate or rate formula for
computing a rate for service under a single Agreement. For
scheduling and curtailment purposes, a Shipper paying a Negotiated
Rate in excess of the Maximum Recourse Rate will be considered to be
paying the Maximum Recourse Rate.
The term "Netting" shall be used to describe the process of
resolving imbalances for a Shipper within an Operational Impact
Area. There are two types of Netting:
a. Summing is the accumulation of all imbalances above any applicable
tolerances for a Shipper or agent.
b. Offsetting is the combination of positive and negative imbalances
above any applicable tolerances for a Shipper or agent.
The term "North American Energy Standards Board" or "NAESB" shall
mean the accredited organization established to set standards for
certain natural gas industry business practices and procedures.