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. 247 Original Sheet No. 247
GENERAL TERMS AND CONDITIONS
(CONTINUED)
8. IMBALANCE RESOLUTION PROCEDURES (continued)
8.7 Cashout Provision. At the time Transporter tenders an
invoice(s) to Cashout Party for Transportation Service during
the previous Month, Transporter shall invoice Cashout Party, or
credit Cashout Party's invoice, as appropriate, to resolve in
cash any net Monthly Imbalance remaining between actual
Receipts, adjusted for Transporter's Use, and actual Deliveries
after the period during which the relevant Transportation
Imbalance quantities have been subjected to the imbalance
resolution mechanisms set forth in this Section 8. Transporter
will send with each invoice an Imbalance Statement detailing the
unresolved imbalance amount and detailing the amount due in
accordance with the following calculations.
(a) Cashout Price. The Cashout Price shall be determined on a
daily and monthly basis. The Cashout High and Low Common
prices shall be determined by use of the highest and lowest
daily price for the Month and the first seven Days of the
subsequent Month as published in Platts Gas Daily "Daily
Price Survey". The average Midpoint price shall be
determined by the arithmetical average of Platts Gas Daily
"Daily Price Survey" "Midpoint" price for the Month and the
first seven days of the subsequent Month. The Cashout
Price for purposes of resolving imbalances shall be the
average of the "Daily Price Survey" prices for the relevant
Month for the following pipeline areas:
Pipeline Receipt Area "Daily Price Survey" Price
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Perryville Hub to
Texas Eastern interconnect Columbia Gulf, mainline
Texas Eastern interconnect
to Transco interconnect Texas Eastern, ELA
Transco interconnect
to Tennessee interconnect Transco, zone 4
Tennessee interconnect
to Florida Gas interconnect Tennessee, La., Leg 500
Florida Gas interconnect
to system terminus Florida Gas, zone 3