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. 142 Original Sheet No. 142 : Effective
GENERAL TERMS AND CONDITIONS
(d) A Cashout of Transportation Imbalances at prices above
or below the average Midpoint price shall not occur if
it has been determined that such Transportation
Imbalances are due to Transporter's negligence.
Additionally, a Cashout of Transportation Imbalances
due to Imbalance Due Transporter quantities or
Imbalance Due Cashout Party quantities shall be
limited to the average Midpoint price if such
imbalances occurred during circumstances of Force
Majeure that directly affect the Transporter's or
upstream or downstream facilities over which Gas is
transported under the applicable Agreement, or during
circumstances of Force Majeure that directly affect
Shipper's facilities for the period until Shipper has
an opportunity to adjust its nominations, or were the
direct result of an OFO issued to the Shipper or its
8.8 Cashout of Transportation Imbalances at Agreement
Expiration. At the time of expiration of an Agreement, all
Transportation Imbalances shall be resolved pursuant to the
provisions of Section 8.7 above.
8.9 Annual System Cashout Mechanism. Transporter shall
establish an annual mechanism to determine the costs of
implementing this Cashout provision. Such mechanism shall
calculate, on a system-wide basis, the annual gross balance
(positive or negative) derived from the Cashout program,
which will be accounted for and disposed of in accordance
with Section 23.3 of the General Terms and Conditions.