Horizon Pipeline Company, L.L.C.
Original Volume No. 1
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Effective Date: 04/18/2002, Docket: CP00-129-001, Status: Effective
Original Sheet No. 104 Original Sheet No. 104 : Effective
GENERAL TERMS AND CONDITIONS
1.18 NEGOTIATED RATE FORMULA
The term "Negotiated Rate Formula" shall mean a rate
formula provision under which Horizon and Shipper have agreed will
be applied to service under Rate Schedule FTS or ITS which results
in a rate where, for all or a portion of the contract term, one or
more of the individual components of such rate exceeds or may
exceed the applicable maximum rate or is less than or may be less
than the applicable minimum rate. Any Agreement entered into which
provides for a rate under Rate Schedule FTS or ITS other than the
applicable maximum rate shall contain a provision setting out the
mutual agreement of the parties, consistent with Commission policy,
as to whether the pricing terms represent a discounted rate or a
rate pursuant to a Negotiated Rate Formula.
Nomination" shall mean the written requests for
transportation submitted pursuant to Section 7.
1.20 OPERATIONAL BALANCING AGREEMENT ("OBA")
An OBA is a contract between two parties which
specifies the procedures to manage operating variances at an
1.21 OVERRUN GAS
"Overrun Gas" shall mean those volumes of gas tendered
for transportation by Shipper on any day in excess of its currently
effective Contract Demand or MDQ, to the extent such gas is
scheduled under Section 7 hereof.