Guardian Pipeline, L.L.C.

Original Volume No. 1

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Effective Date: 02/01/2003, Docket: RP03-210-000, Status: Effective

Second Revised Sheet No. 176 Second Revised Sheet No. 176 : Effective

Superseding: First Revised Sheet No. 176

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

19. RESOLUTION OF IMBALANCES (Continued)

 

19.3 Resolution of Monthly Imbalances

 

(a) All imbalances accrued by Shipper under its

Service Agreements, after minimization in

accordance with Section 19.2 herein, shall be

resolved on a monthly basis pursuant to the

provisions herein. No imbalance penalty shall be

imposed when a prior period adjustment applied to

the current period would otherwise cause or

increase a current monthly penalty. On or before

the ninth (9th) Business Day after the end of the

Month, Transporter will render to Shipper, for

each Service Agreement, data specifying the

difference (imbalance) which exists between

(i) the actual monthly quantities of gas received

from Shipper or for Shipper's account at the

Point(s) of Receipt less Transporter's Use

Percentage and (ii) the actual monthly quantities

of gas delivered to Shipper or for Shipper's

account at the Point(s) of Delivery.

 

(b) Imbalance Percentage

 

The Imbalance Percentage for each Shipper shall

be the absolute value of the Shipper's NMI

divided by the summation of the actual

quantities of gas delivered to Shipper or for

Shipper's account in Section 19.3(a).

 

(c) Imbalance Due Transporter

 

When Shipper's NMI is the result of Shipper's

actual deliveries exceeding actual receipts,

Shipper shall pay Transporter for Shipper's NMI

(in Dth) an amount equal to the NMI multiplied

by the highest Weekly Gas Price Index, and that

product multiplied by the Factor in accordance

with the following schedule: