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. 440 Original Sheet No. 440

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

 

37. CASH OUT PROVISIONS (Continued)

 

37.1 (f) At the end of the trading period, if a Buyer's imbalance in a zone within an

OIA is "Due To" Buyer and the aggregate imbalance for all Buyers in that zone

within an OIA is "Due From" Buyer, such Buyer is defined as a minority shipper

for that zone within an OIA. A minority shipper shall cash out the imbalance

for that zone within an OIA based on tiers beginning with (i) below and

progressing through each subsequent tier until the entire imbalance has been

cashed out. Each tiered imbalance quantity shall be calculated by multiplying

the percentage imbalance, as stated in (i) through (v) below, times Buyer's

total deliveries. Any imbalance in that zone within an OIA that is equal to or

less than 1,000 dt shall be cashed out using the provisions set forth in (i)

below.

 

(i) Imbalance quantities which are equal to or less than a 5% imbalance

shall be multiplied by the applicable "Buy" price which shall be the

average of the weekly Reference Spot Prices for that zone pursuant to

Section 37.1(a)(i) of the General Terms and Conditions; then

 

(ii) Imbalance quantities which are greater than a 5% imbalance but less than

or equal to a 10% imbalance shall be multiplied by the applicable "Buy"

price which shall be the lowest weekly Reference Spot Price for that

zone multiplied by a factor of 80%; then

 

(iii) Imbalance quantities which are greater than a 10% imbalance but less

than or equal to a 15% imbalance shall be multiplied by the applicable

"Buy" price which shall be the lowest weekly Reference Spot Price for

that zone multiplied by a factor of 70%; then

 

(iv) Imbalance quantities which are greater than a 15% imbalance but less

than or equal to a 20% imbalance shall be multiplied by the applicable

"Buy" price which shall be the lowest weekly Reference Spot Price for

that zone multiplied by a factor of 60%; then

 

(v) Imbalance quantities which are greater than a 20% imbalance shall be

multiplied by the applicable "Buy" price which shall be the lowest

weekly Reference Spot Price for that zone multiplied by a factor of 50%.