Great Lakes Gas Transport, L.L.C.

Second Revised Volume No. 1

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Effective Date: 11/01/2000, Docket: RP01- 53-000, Status: Effective

Third Revised Sheet No. 143 Third Revised Sheet No. 143 : Effective

Superseding: Second Revised Sheet No. 143

 

GENERAL TERMS AND CONDITIONS

FOR TRANSPORTATION SERVICE

(cont'd)

 

 

13. ALLOCATION AND IMBALANCES (cont'd)

 

13.9 Imbalance Resolution. A Shipper may elect to resolve imbalances "in

kind" or by "cash-out." This election must be made by submitting a

completed and signed "Imbalance Resolution Methodology Form" (see

Section 13.12 below). Any Shipper not submitting that form will be

deemed to have elected to resolve imbalances via cash-out. All

imbalances on all of Shipper's contracts must be resolved using the

same methodology. The election of methodologies must be made at or

before the earliest time a monthly nomination is required to be

submitted under any of Shipper's contracts.

 

If Shipper elects to resolve imbalances in kind, that Shipper

will be subject to the Transportation Balancing Fee as described in

Section 13.8 hereof. Imbalances of such Shippers, and imbalances of

other Shippers which have not be cashed-out, may be resolved in one of

the following ways:

 

(a) Shipper Imbalance Exchange - Shippers who agree to all the terms

of Transporter's Imbalance Exchange, and so indicate on their Im-

balance Resolution Methodology Form, will be allowed to exchange

imbalances with other such Shippers on the Shipper Imbalance

Exchange. Transporter will fax a participating Shipper's MITL

for the agreement which has the imbalance being exchanged.

Transporter will fax a participating Shipper's imbalance

information to the Web Site participants. Transporter will have

the applicable information posted by the tenth business day of

the month following the activity month.

 

Shippers desiring to trade imbalances must present with a

request for transfer (through a fax or in writing). A request

must be received by Transporter from all Shippers involved in an

imbalance exchange. No Shipper may accumulate balances for the

purpose of resolving other Shippers' imbalances. For purposes of

determining the applicable Transportation Balancing Fee under

Section 13.8 of these General Terms and Conditions for the

activity month, or the quantities subject to cash-out under

Section 13.10 thereof, imbalance trades that are evidenced by

requests received by Transporter on or before the end of the

calendar month following the activity month shall be recognized

in the calculation of the Monthly Shipper Imbalance Quantity and

the Cumulative monthly Imbalance for the activity month.