Great Lakes Gas Transport, L.L.C.
Second Revised Volume No. 1
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Effective Date: 05/01/1998, Docket: RP98-174-000, Status: Effective
Second Revised Sheet No. 144 Second Revised Sheet No. 144 : Effective
Superseding: First Revised Sheet No. 144
GENERAL TERMS AND CONDITIONS
FOR TRANSPORTATION SERVICE
(cont'd)
13. ALLOCATION AND IMBALANCES (cont'd)
(a) Clearing of negative imbalances. Should such imbalance be
negative, the imbalance shall be subject to Negative Imbalance
Cash-Out.
The Negative Imbalance Cash-Out Price is a price per Dth
which is applied to the amount of the Shipper's negative imba-
lance. Shipper's regular invoice for transportation services
will include the money owed by Shipper under this Negative
Imbalance Cash-Out, which will be subject to all payment and
collection requirements applicable to that bill. Upon receipt of
payment, Transporter will make gas accounting entries reducing
the amount of Shipper's negative imbalance accordingly.
Transporter shall post the Negative Imbalance Cash-Out Price
for each month on its Web Site. The Negative Imbalance Cash-Out
Price shall be equal to one hundred ten percent (110%) of the sum
of SWI + WAT (the "Index"), where:
SWI = Southwest Index, which is the arithmetic average of all
spot gas index prices per Dth reflective of the first
day of the month quoted by: (i) Natural Gas Intelli-
gence "Spot Gas Prices," "Delivered to Pipelines," "30-
Day Supply Transactions," and (ii) Inside FERC "Gas
Market Report," for deliveries of gas produced in Texas
and Louisiana into the system of Columbia Gulf Trans-
mission Corporation ("Columbia Gulf") and Columbia Gas
Transmission Corporation ("Columbia")