Gulfstream Natural Gas System, L.L.C.
Original Volume No. 1
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Effective Date: 05/21/2002, Docket: CP00- 6-004, Status: Effective
Original Sheet No. 107 Original Sheet No. 107 : Effective
GENERAL TERMS AND CONDITIONS
1.35 The term "Monthly System Imbalance" shall mean the total
imbalances for Transporter's system for the Month,
calculated as the difference between (i) allocated
quantities received for the Month, as determined in
accordance with Section 7 of the General Terms and
Conditions, adjusted for Transporter's Use, and (ii)
allocated quantities delivered for the Month, as
determined in accordance with Section 7.
1.36 The term "Negotiated Rate" shall mean a rate or rate
formula for computing a rate for service under a single
1.37 The term "Net Present Value" ("NPV") shall mean the
discounted cash flow of expected revenues per Dekatherm
of the applicable service for a term of up to twenty
(20) years, using the interest rate set forth in Section
154.501 of the Commission's Regulations.
1.38 The term "Netting" shall be used to describe the process
of resolving imbalances for a Shipper within an
Operational Impact Area. There are two types of
a. Summing is the accumulation of all imbalances above any
applicable tolerances for a Shipper or agent.
b. Offsetting is the combination of positive and negative
imbalances above any applicable tolerances for a Shipper
1.39 The term "North American Energy Standards Board" or
"NAESB" shall mean the accredited organization
established to set standards for certain natural gas
industry business practices and procedures.