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. 245 Original Sheet No. 245
GENERAL TERMS AND CONDITIONS
(CONTINUED)
8. IMBALANCE RESOLUTION PROCEDURES (continued)
8.4 Trading: Posting and trading of the previous Month's netted
Transportation Imbalances will be allowed within each Operational
Impact Area between imbalance agents (or the Cashout Party, if no
imbalance agent exists) from the first calendar Day of the
current Month until the end of the 17th Business Day of the
current Month. Imbalances to be posted for trading should be
authorized by the Cashout Party. Authorizations to post
imbalances that are received by Transporter by 11:45 A.M. should
be effective by 8:00 A.M. the next Business Day (Central Clock
Time). Imbalances previously authorized for posting should be
posted on or before the ninth Business Day of the Month.
Transporter should provide the ability to view and, upon request,
download posted imbalances. Transporter should not be required
to post zero imbalances. When trading imbalances, a quantity
should be specified. Trading will be allowed only when (i)
imbalances are within the same Operational Impact Area and (ii)
the resulting trade will reduce the imbalances for each Cashout
Party or its imbalance agent. Transporter shall allow Cashout
Parties to trade imbalances with other Cashout Parties within the
same Operational Impact Area if the two Cashout Parties'
imbalances are offsetting balances such that the net imbalance
for each Cashout Party after the completion of the trade would be
reduced to a quantity closer to zero. A Cashout Party may trade
any imbalance with another Cashout Party, provided that the trade
shall not result in a Transportation Path which crosses a Posted
Point of Restriction; provided further that to the extent the
imbalances were incurred during the remainder of the Month when
no Posted Point of Restriction was in effect, those imbalances
are available for trading. Transporter should enable the
imbalance trading process by receiving the request for imbalance
trade, receiving the imbalance trade confirmation, sending the
imbalance trade notification, and reflecting the trade prior to
or on the next monthly Shipper Imbalance Statement or Cashout
statement. After receipt of an imbalance trade confirmation,
Transporter should send the imbalance trade notification to the
initiating trader and the confirming trader no later than noon
(Central Clock Time) the next Business Day. Imbalance trades can
only be withdrawn by the initiating trader and only prior to the
confirming trader's confirmation of the trade. Imbalance trades
are considered final when confirmed by the confirming trader and
effectuated by Transporter.