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Original Sheet No.120 Original Sheet No.120 : Superseded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