American Midstream (Midla), LLC

Sixth Revised Volume No. 1

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Effective Date: 05/01/2010, Docket: RP10-483-000, Status: Effective

Original Sheet No. 149 Original Sheet No. 149

 

14.7 Imbalance Trading and Cash Out Procedure

 

It shall be the responsibility of Customer to eliminate end-of-Month imbalances. Unless

Customer can resolve an imbalance through the methods set forth below, Pipeline and

Customer shall settle in cash, pursuant to 14.7(b) and (c) of this section any net

production imbalance remaining between actual or allocated receipt quantities and actual

or allocated delivery quantities on the invoice submitted in the Month following the Month

in which such imbalances were resolved.

 

(a) Imbalance Trading and Netting

 

(i) On or before the ninth (9th) Business Day of each Month, Pipeline shall send

Customer or any party using such services on behalf of the Customer ("Agent"),

collectively referred to as "Customer" under Sections 14.7(a) thru 14.7(c),a statement

detailing the unresolved imbalance volume for the previous Month within each Service

Agreement. Customer may correct imbalances until the seventeenth (17th) Business

Day of each Month, by posting and trading imbalances with other Customers or by

netting imbalances created under its own transportation contracts.

 

(ii) Customer shall use the forms prescribed by the Pipeline, to notify Pipeline as

to how its monthly imbalances will be resolved for the preceding calendar Month. These

forms are located on the "Informational Postings" portion of the Pipeline's Internet web

site under "Downloads" and are listed as Imbalance Trading and Netting Forms. Such

notification from the Customer (the initiating trader) shall constitute Pipeline's

authorization to proceed as indicated on the submitted form. Customer can access the

forms by downloading such forms from Pipeline's web site or by printing the forms

directly from the Internet browser.