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Original Sheet No.122 Original Sheet No.122 : Superseded
GENERAL TERMS AND CONDITIONS
In the event either of these publications or specific postings contained
therein is discontinued, Pipeline will revise this Section 12.7(d) to
substitute another price index generally accepted in the natural gas industry.
Until Pipeline receives approval from the Commission to use such substitute
index, Pipeline will continue to calculate the Index Price each Month based on
the remaining index.
Pipeline shall not calculate Shipper's Net Imbalance Percentage under
Section 12.7(a) above for a Month until all trades for such Month are
completed pursuant to Section 12.4.
12.8 System Balancing Cost Reconciliation Mechanism.
(a) The purpose of this Section 12.8 is to establish a mechanism to
reconcile through surcharges or credits, as appropriate, differences between
the amounts Pipeline receives for gas arising out of both the purchase and
sale of gas in order to resolve Shipper imbalances as provided for pursuant to
the this Section 12 and the operational balancing occurred on an upstream
(b) Pipeline shall maintain a System Balancing Cost
Reconciliation Mechanism (referred to in this Section 12 as the "Deferred
Account") in the manner described in this Section 12.8. Pipeline shall
calculate the difference between (a) the cost per Dt (i) of any sale or
purchase of gas to resolve imbalances and any other form of balancing
agreement between Pipeline and a pipeline operator entered into to facilitate
the allocation of Shippers' gas at pipeline interconnections, respectively,
and (ii) any assignment to or from Pipeline of gas to resolve Shipper
imbalances. If the difference is positive, the amount shall be credited to
the Deferred Account, and if negative, shall be debited (as a positive number)
to the Deferred Accounts.