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