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. 441 Original Sheet No. 441

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

 

37. CASH OUT PROVISIONS (Continued)

 

37.1 (g) At the end of the trading period, if an OBA Party's imbalance in a zone within

an OIA is "Due From" OBA Party, the OBA Party's imbalance quantity for that

zone within an OIA shall be cashed out 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

OBA Party's total scheduled quantities. 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 "Sell" price; 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 "Sell"

price multiplied by a factor of 120%; 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

"Sell" price multiplied by a factor of 130%; 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

"Sell" price multiplied by a factor of 140%; then

 

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

multiplied by the applicable "Sell" price multiplied by a factor of

150%.