Tennessee Gas Pipeline Company

FIFTH REVISED VOLUME NO. 1

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Effective Date: 10/01/2003, Docket: RP00-477-005, Status: Effective

Third Revised Sheet No. 596 Third Revised Sheet No. 596 : Effective

Superseding: Second Sub First Revised Sheet No. 596

 

 

BALANCING AGREEMENT (continued)

 

(For Use at Points of Receipt)

 

 

provides flow charts within four business days of each day of flow during the

month, Transporter will integrate such charts for Balancing Party at no cost,

with the Balancing Party retaining the right to examine the integration of such

charts within one year. If Balancing Party does not provide or have such

information or meter statements at any Receipt Point(s) provided to Transporter,

or such information contains significant inaccuracies as reasonably determined by

Transporter, and such conditions continue for fifteen days or more (whether or

not such days are consecutive) after the first notice to the Balancing Party,

then all affected Receipt Points shall be deleted from this Agreement upon

written notice from Transporter at the end of that calendar month.

 

1.5 Daily Imbalances - Balancing Party will be subject to the Daily Imbalance

provisions of Rate Schedule LMS-PA.

 

 

ARTICLE II

 

CORRECTION OF OPERATIONAL IMBALANCES

 

2.1 Corrections During the Month - Estimated metered quantities, or actual metered

quantities where available, shall be used by Transporter for purposes of

adjustments under this Section on a daily basis during the calendar month to

determine the estimated Operational Imbalance at all of the Receipt Point(s).

Transporter shall make the estimated Daily Variances and Monthly Operational

Imbalance available to Balancing Party by the end of the first business day after

each production day. Transporter may make or Balancing Party may make or cause

to be made adjustments in nominations and actual deliveries, upon 24 hours notice

by making imbalance make up nominations pursuant to this Agreement and in

accordance with the applicable provisions of Transporter's FERC Gas Tariff. Any

adjustments will offset pre-existing imbalances accrued during the production

month.

 

2.2 Corrections In Subsequent Periods - As soon as practicable following the close

of each month, Transporter will send Balancing Party a statement setting forth

the accrued Daily Imbalance Charges and the Monthly Operational Imbalance

existing at the end of the prior month. Any Monthly Operational Imbalance shall

be resolved in cash in accordance with Rate Schedule LMS-PA of Transporter's FERC

Gas Tariff.