Midwestern Gas Transmission Company
Third Revised Volume No. 1
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Effective Date: 05/10/2010, Docket: RP10-587-000, Status: Pending
Fourth Revised Sheet No. 90A Fourth Revised Sheet No. 90A
Superseding: Third Revised Sheet No. 90A
RATE SCHEDULE LMS-MA
LOAD MANAGEMENT SERVICE - DELIVERY POINTS
4. IMBALANCE NETTING AND TRADING
(a) Based upon the best information available, a Balancing Party shall take action to
correct any imbalances occurring during the month by making adjustments in
nominations, receipts or deliveries. If a Balancing Party fails to take such
corrective action, then Company may, upon 48 hours notice, adjust Balancing
Party's scheduled receipts and deliveries over the remainder of the calendar
month in order to maintain a balance of receipts, deliveries and nominations.
(b) Balancing Parties under this Rate Schedule and Supply Aggregators under Rate
Schedule SA will be allowed to trade imbalances occurring during the month with
other Parties that are subject to this Rate Schedule or Rate Schedule LMS-PA.
All imbalance trading occurring during the month that the imbalance(s) occurred
must be effected through the nomination of mid-month make-up gas quantities. Any
"receipt-to-delivery" imbalance trade may be effected by a Party nominating
transportation from a point covered on its Balancing Agreement or Rate
Schedule SA Agreement to a point on another Agreement where the trade will occur.
A "receipt-to-delivery" imbalance trade is defined as any imbalance trade between
a Party under this Rate Schedule and a Party under Rate Schedule LMS-PA whereby
the Party under this Rate Schedule is trading an excess of actual deliveries
relative to Scheduled Quantities with an excess of actual receipts relative to
Scheduled Quantities incurred by a Party under Rate Schedule LMS-PA.
Balancing Parties and Supply Aggregators will also be allowed to trade offsetting
imbalances in the month following the month during which the imbalance occurred;
provided that the Party notifies Company of the identities of the Parties
agreeing to the trade, and the gas quantities to be traded, no later than
seventeen Business Days after the end of the month during which the imbalances
occurred. For receipt-to-delivery imbalance trades after the month during which
the imbalances occurred, the Parties agreeing to the trade must notify Company of
the Party responsible for the transportation from point to point. If the Parties
do not notify Company of the Party responsible for transportation, Company will
hold the Party who traded the imbalance due Company responsible for the
applicable transportation charges. To facilitate end-of-month imbalance trading,
Company will provide for Parties to post their imbalances, and any information
relevant to the trading thereof, on the System.
For mid-month and end-of-month trading, transportation charges for receipt-to-
delivery imbalance trades will be based on the applicable maximum authorized
overrun rate associated with Company's Rate Schedule(s) FT-A, FT-B, FT-C or FT-D.
When a netting and trading transaction results in an overpayment of
transportation charges, Company shall reimburse the affected Shipper the excess
transportation charges in the subsequent billing cycle.