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Original Sheet No.118 Original Sheet No.118 : Superseded

 

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

(b)(1)Subject to the provisions of s GT&Cs Sections 12.3 and 12.4,

if Shipper has accrued a Net Monthly Imbalance such that the total quantities

of gas received by Pipeline for Shipper’s account during the Month are less

than the total quantities of gas delivered by Pipeline for Shipper’s account

during the Month (“Negative Imbalance”) and such Net Monthly Imbalance is

greater than 1,000 Dt, Shipper shall pay Pipeline for Shipper’s Net Monthly

Imbalance at the following prices specified for each stated percentage that

Shipper’s deliveries exceed its receipts; provided, however, that the cash out

price applicable to Shipper’s Net Monthly Imbalance shall be the price

resulting from the lower of (i) Shipper’s Estimated Imbalance Percentage for

the Month or (ii) Shipper’s actual imbalance percentage for the Month as

defined in Section 12.7(a).

 

Percentage of Excess

Deliveries Price

 

0 to 2% 100% of Index Price

2 to 5% 100% of Applicable Price

5 to 10% 115% of Applicable Price

10 to 15% 125% of Applicable Price

15 to 20% 140% of Applicable Price

20% 150% of Applicable Price

 

If the Negative Imbalance (N) exceeds the Positive Imbalance (P), then the

Applicable Price shall be the High Price as defined in Section 12.7(d) plus

the transportation charges under Rate Schedule IT. If P>N then the Applicable

Price shall be the Index Price as defined in Section 12.7(d).