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Original Sheet No.120 Original Sheet No.120 : Superseded

 

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

Shipper's receipts exceed its deliveries; 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 Receipts Prices

 

0 to 2% 100% of Index Price

2 to 5% 100% of Applicable Price

5 to 10% 85% of Applicable Price

10 to 15% 75% of Applicable Price

15 to 20% 60% of Applicable Price

20% 50% of Applicable Price

 

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

Applicable Price shall be the Index Price. If P>N, then the Applicable Price

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

 

For purposes of determining the tier at which an imbalance will be cashed out,

the price will apply only to quantities within a tier. For example, if there

is a 6% imbalance, quantities that comprise the first 2% of the imbalance are

priced at 100% of the Index Price, quantities comprising 3% of the imbalance

are priced at 100% of the Applicable Price, and volumes comprising the

remaining 1% of the imbalance are priced at 85% of the Applicable Price.

 

(c)(2)Subject to the provisions of GT&Cs Sections 12.3 and 12.4, if

Shipper's Net Monthly Imbalance is less than or equal to 1,000 Dt, Shipper

shall pay Pipeline for Shipper's Net Monthly Imbalance at the Index Price.

 

(c)(3)In the event Shipper owes Pipeline any payments under subsection

(b) above from a previous Month which are past due, Pipeline shall have the

right hereunder to offset payments it owes to Shipper under this subsection

(c) by such past due amounts (inclusive of interest).