Northern Border Pipeline Company

First Revised Volume No. 1

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Effective Date: 09/16/2009, Docket: RP09-540-000, Status: Effective

Sixth Revised Sheet No. 213.01 Sixth Revised Sheet No. 213.01

Superseding: Fifth Revised Sheet No. 213.01

 

GENERAL TERMS AND CONDITIONS

 

 

1. DEFINITIONS (Continued)

 

o The term "Negotiated Rates" shall mean a rate or formula for

computing a rate for Transportation service which may be

greater than, equal to or less than the Recourse Rate, but

which may not be less than the Minimum Commodity Rate set forth

on the Statement of Rates. A Negotiated Rate must be mutually

agreed upon by Company and Shipper for a specific time period

and may be based on a rate design other than the rate design

used to compute Company's currently effective Recourse Rate.

 

o The term "Netting" shall describe the process of resolving

imbalances for a Shipper or its Agent within an Operational

Impact Area. Company shall recognize two types of Netting:

summing and offsetting. Summing is the process of

accumulation of all imbalances above any applicable tolerance

for a Shipper or its Agent. Offsetting is the process of

combining positive and negative imbalances above any

applicable tolerance for a Shipper or its Agent. [2.2.3]

 

o The term "Nominating Party" shall mean a Shipper, or its

Nominating Agent (one who has been pre-designated by Shipper to

serve in such role). If a Shipper elects to use a Nominating

Agent for a given Agreement, the agent replaces the Shipper as

the sender of nomination information as well as the receiver of

nomination-related information from Company for such Agreement.

 

o The term "Nomination Day" shall mean one day prior to Gas Day.

 

o The term "Non-OBA Point" shall mean a point of receipt or delivery

where no Operational Balancing Agreements are in effect.

 

o The term "OBA Point" shall mean a point of receipt or

delivery where an Operational Balancing Agreement is in

effect between Company and the upstream or downstream

pipeline to administer interconnect balancing.

 

o The term "Offer" shall mean the terms pursuant to which a

Releasing Shipper is willing to release firm transportation

capacity under terms which shall comply with NAESB Data

Set 5.4.7.