Millennium Pipeline Company, L. L. C.
Original Volume No. 1
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Effective Date: 12/22/2008, Docket: CP98-150-011, Status: Effective
Original Sheet No. 224 Original Sheet No. 224
GENERAL TERMS AND CONDIITONS
(2) "Netting" is the term used to describe the process of resolving
imbalances for Shipper within an Operational Impact Area. There are two types
(a) Summing is the accumulation of all imbalances above
any applicable tolerances for Shipper or agent; and
(b) Offsetting is the combination of positive and negative
imbalances above any applicable tolerances for Shipper or agent.
18.7 Month-end Imbalances.
(a) Transporter should allow Shipper (including agents of Shipper)
to net imbalances within the same Operational Impact Area on and across
service agreements with Shipper and to trade imbalances within the same
Operational Impact Area.
(b) Transporter should provide the ability to post and trade
imbalances until at least the close of the seventeenth business day of the
(c) Transporter should provide the ability to view and, upon
request, download posted imbalances.
(d) Imbalances to be posted for trading should be authorized by
(e) Authorizations to post imbalances that are received by
Transporter by 11:45a.m. (C.T.) should be effective by 8:00 a.m. (C.T.) the
next business day. Imbalances previously authorized for posting should be
posted on or before the ninth business day of the month.
(f) Transporter should not be required to post zero imbalances.
(g) Netting, posting, and trading of imbalances shall be
accomplished based upon Transporter's current method for accounting for
imbalances and does not require Transporter to institute daily imbalance
procedures, if they are not already present on the Transporter's system.