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. 244 Original Sheet No. 244
GENERAL TERMS AND CONDITIONS
(CONTINUED)
8. IMBALANCE RESOLUTION PROCEDURES
8.1 For the purposes of this Section 8, "Receipt" or "Receipts" shall
mean quantities of Gas allocated pursuant to Section 7 of these
General Terms and Conditions, net of Transporter's Use, and
"Delivery" or "Deliveries" shall mean quantities of Gas allocated
pursuant to Section 7. After the end of each Service Month,
Transporter shall render to Cashout Party a statement detailing
any imbalance between Monthly Receipts and Monthly Deliveries
under all of Cashout Party's Transportation Agreements
("Imbalance Statement"). Such Imbalance Statement shall be
rendered on an electronic basis by email notification to Cashout
Party that the Imbalance Statement is available on Transporter's
LINK® System pursuant to Section 9 of these General Terms and
Conditions.
8.2 Cumulative Daily Transportation Imbalances shall be subject to
the following imbalance resolution procedures.
(a) Definition of Transportation Imbalance: "Transportation
Imbalance" shall mean the difference between a Shipper's
allocated Receipts and allocated Deliveries under any firm
or interruptible Agreement. All imbalances will be
calculated on a daily basis and designated to be at the
applicable Receipt Point.
(b) Definition of an Imbalance Due Cashout Party: "Due Cashout
Party" shall mean that Deliveries under an Agreement at the
Delivery Point are less than Receipts at the Receipt Point,
adjusted for Transporter's Use; such difference in quantity
is "Due To" a Cashout Party (or its Agent).
(c) Definition of an Imbalance Due Transporter: "Due
Transporter" shall mean that Deliveries under an Agreement
at the Delivery Point exceed Receipts at the Receipt Point,
adjusted for Transporter's Use; such difference in quantity
is "Due From" a Cashout Party (or its Agent).
8.3 Netting: For each Month, all cumulative Transportation Imbalances
within an Operational Impact Area will be netted among each of
Cashout Party's firm and interruptible Agreements.