Panhandle Eastern Pipe Line Company, LP
THIRD REVISED VOLUME NO. 1
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Effective Date: 06/30/2004, Docket: RP04-321-000, Status: Effective
Original Sheet No. 281 Original Sheet No. 281 : Effective
GENERAL TERMS AND CONDITIONS
(ii) for an OFO requiring Shipper(s) to eliminate
Unauthorized Overruns, Shipper shall pay for all
Quantities taken in excess of the reduced daily
tolerance of zero, the greater of (a) two (2) times
the highest daily price published in Gas Daily, Daily
Price Survey, Citygates - Chicago LDCs or Citygates -
Mich.-Mich Con, whichever is greater, for the day
(Saturday and Sunday shall be the preceding Friday
price) that Unauthorized Overrun Penalties are
incurred, or (b) the following:
0% - 5% $ 15.00 per Dt.
> 5% - 10% $ 25.00 per Dt.
>10% - 15% $ 50.00 per Dt.
>15% - 50% $100.00 per Dt.
>50% $200.00 per Dt.
The above overrun tiers shall be determined by comparing
the aggregate amount of contract entitlement nominated to
a Point of Delivery with the aggregated amount of Gas
flowing through such Point of Delivery. It shall be the
responsibility of the meter operator at a Point of
Delivery to provide in writing to Panhandle an allocation
by contract of the gas flowing through such meter.
If a Shipper takes Quantities of Gas in excess of MDCQ
which cause a Shipper to incur a penalty under this
Section 12.17(f)(ii), such Quantities of Gas will not be
considered in any calculation of an otherwise applicable
penalty pursuant to Section 12.17(f)(i).
For purposes of calculating the Unauthorized Overrun
Penalty under this Section 12.17, a Shipper shall be
permitted to aggregate the MDCQs of its firm
Transportation Agreements at a designated Point of
Delivery. For purposes of aggregation under this
Section 12.17(f), Shipper shall have scheduled
quantities under the firm Transportation Agreements to
be aggregated to no other Point of Delivery.
(iii) for any other OFO, Shipper shall, for all Quantities
tendered or taken in violation of the OFO, pay two (2)
times the greater of the highest daily price published
in Gas Daily, Daily Price Survey, Citygates - Chicago
LDCs or Citygates - Mich.-Mich Con for the day (Saturday
and Sunday shall be the preceding Friday price) that OFO
penalties are incurred.
Compliance with an OFO and the other terms and conditions
of Panhandle's FERC Gas Tariff is essential to Panhandle's
ability to provide deliveries and services under all rate