Transcontinental Gas Pipe Line Company, LLC
Fourth Revised Volume No. 1
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Effective Date: 12/31/2008, Docket: RP09-158-000, Status: Effective
Original Sheet No. 414 Original Sheet No. 414
GENERAL TERMS AND CONDITIONS
25. MONTHLY IMBALANCE RESOLUTION
Cumulative daily Transportation or OBA Imbalances shall be subject to the following imbalance
resolution procedures, however specific imbalance resolution procedures may be further
delineated in an OBA.
25.1 (a) Definition of OBA Imbalance: "OBA Imbalance" shall mean any difference between
the actual measured quantities and scheduled quantities at a Receipt or Delivery
Point (or multiple points covered by a common OBA) on a gas day.
(b) Definition of Transportation Imbalance: "Transportation Imbalance" shall mean
the difference between a Buyer's allocated receipts (adjusted for fuel) and
allocated deliveries under any firm, interruptible or liquefiable transportation
agreement. All imbalances will be calculated on a daily basis and designated to
be at the point of receipt.
(c) Definition of a Positive Imbalance: A Positive Imbalance shall mean that excess
receipts under a transportation agreement, excess measured quantities under a
Receipt OBA, or excess scheduled quantities under a Delivery OBA are "Due To"
(DT) a Buyer or OBA Party.
(d) Definition of a Negative Imbalance: A Negative Imbalance shall mean that excess
deliveries under a transportation agreement, excess scheduled quantities under a
Receipt OBA or excess measured quantities under a Delivery OBA are "Due From"
(DF) a Buyer or OBA Party.
(e) Definition of Trading Period: The "Trading Period" shall be the period beginning
on the 1st calendar day following the end of the immediately preceding month
through the end of the 17th business day following the end of such preceding
25.2 Buyer or OBA Party may elect, in writing, for each contract, at least one day prior to
a current month, that imbalances created as a result of post-month changes to prior
month receipt or delivery allocation, measurement or other adjustments (Prior Period
Adjustments) made in that current month, may either be: (1) incorporated into Buyer's
or OBA Party's current month imbalance calculation for imbalance resolution purposes,
or (2) cashed out at the average of the weekly Reference Spot Prices applicable to the
month of gas flow pursuant to Section 37.1(a) of the General Terms and Conditions.
Such election shall remain in effect for subsequent months until changed by Buyer or
OBA Party. If no election is made, Prior Period Adjustments shall be incorporated
into Buyer or OBA Party's current month imbalance calculation for imbalance resolution