Scg Pipeline Inc.
Original Volume No. 1
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Effective Date: 11/01/2003, Docket: RP03-611-000, Status: Effective
Original Sheet No.115 Original Sheet No.115 : Superseded
GENERAL TERMS AND CONDITIONS
(b) Definition of a Positive Imbalance. A Positive Imbalance shall mean
excess receipts under a transportation agreement.
(c) Definition of a Negative Imbalance. A Negative
Imbalance shall mean excess deliveries under a transportation agreement.
12.2 Shipper shall cash out imbalances created as a result of post-Month
changes to prior Month receipt or delivery allocation, measurement or other
adjustments (Prior Period Adjustments) made in that current Month at the
average of the weekly References Spot Prices applicable to the Month of gas
flow pursuant to GT&Cs Section 12.7.
12.3 Netting. For each Month, all cumulative Transportation Imbalances will
be netted among each firm and/or interruptible transportation agreement under
which the Shipper, the Imbalance Agent and the billable party coincide.
12.4 Trading. Trading of the previous Month’s netted imbalances will be
allowed between Imbalance Agents (or the Shipper if no Imbalance Agent exists)
from the 1st calendar day until the end of the 17th Business Day following the
end of the Month. Trading will be allowed when the resulting trade will
reduce the imbalances for each Shipper or their Imbalance Agent. There will
be no fee for trading.
12.5 Final Resolution of Transportation Imbalances. If Shipper has an
imbalance remaining after the close of the trading period, such imbalance will
be cashed out in accordance with the cash out provisions set forth in this
12.6 Shipper or their Agents may nominate transactions (in accordance with
GT&Cs Section 6) during the Month to correct imbalances. Third parties may
offer imbalance management services to Shippers on Pipeline’s system.
Pipeline’s ability to receive or deliver imbalance quantities shall be
dependent upon Pipeline’s physical operations, and Pipeline is under no
obligation to allow receipt or delivery of such quantities for resolution of
imbalances if it determines, in its sole opinion, such activity would
jeopardize pipeline operations.