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. 606 Original Sheet No. 606
OPERATIONAL BALANCING AGREEMENT
This Operational Balancing Agreement ("Agreement") is made and entered
into to be effective as of the ______ day of ______________, 20___, by and
between Millennium Pipeline Company, L.L.C., ("Millennium") and
________________________________ ("____________"), collectively referred to
herein as the "Parties," or individually as a "Party."
W I T N E S S E T H:
WHEREAS, the parties operate certain pipeline facilities which interconnect
at the point(s) (the "Interconnection Point(s)") identified in Exhibit "A"
attached hereto;
WHEREAS, one or both Parties have entered into one or more transportation
agreements with various shippers (the "Shippers") whereby the Parties either
receive gas which the Shippers cause to be delivered at the Interconnection
Point(s) or deliver gas which the Shippers cause to be received at the
Interconnection Point(s);
WHEREAS, from time to time the aggregate quantity of gas delivered to or by
the Parties at the Interconnection Point(s) is greater or less than the
aggregate quantity of gas nominated by the Shippers and confirmed by the
Parties at the Interconnection Points, resulting in the inadvertent
overdelivery or underdelivery of gas by one Party to the other Party relative
to the Shippers' nominated quantities (the "Operational Imbalance");
WHEREAS, the Parties desire to provide for a means whereby certain actions
will be taken by them in order to prevent the occurrence of an Operational
Imbalance at the Interconnection Point(s) and to reduce or eliminate any
Operational Imbalance which may occur at the Interconnection Point(s);
NOW THEREFORE, in consideration of the mutual covenants and provisions herein
contained and subject to all of the terms, provisions and conditions herein
set forth, the Parties do hereby agree as follows: