Trunkline LNG Company, LLC

Second Revised Volume No. 1-A

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Effective Date: 01/15/2007, Docket: RP07-109-000, Status: Effective

First Revised Sheet No. 82 First Revised Sheet No. 82 : Pending

Superseding: Original Sheet No. 82

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

6. BALANCING

 

Shipper shall have the responsibility to balance the actual

Quantities of LNG received, adjusted for appropriate Fuel

Reimbursement, Boil-Off, and Transfers of Storage Inventory, and

the actual Quantities of LNG and Regasified LNG delivered under

each Service Agreement.

 

6.1 Boil-Off Balancing

 

(A) It is recognized that Shipper's nominations of Boil-

Off will be based on estimates and that Shipper's

share of the Terminal's actual Boil-Off may vary from

the estimates. Shipper shall eliminate any variance

as promptly as is reasonable, consistent with

operating conditions. TLNG shall make data

concerning actual Boil-Off available on Messenger

within one Business Day.

 

(B) If a variance between Shipper's nominations of Boil-

Off and Shipper's share of the Terminal's actual

recovered Boil-Off exists for the Month, TLNG shall

notify Shipper of such variance with the invoice for

the Month. TLNG shall net the Boil-Off variance on

Shipper's Terminal Service Agreements. After

netting, Shipper shall reduce the remaining variance

to zero through nominations or Boil-Off imbalance

trading by the end of the Month in which Shipper is

notified of the existence of the variance. If the

variance is not reduced to zero, an imbalance penalty

of $10 per MMBtu per Month shall be applied to the

remaining variance, beginning with the invoice for

the Month in which the Shipper was notified of the

existence of a variance and for each Month thereafter

until the variance is reduced to zero. Any

adjustment to Shipper's share of the Terminal Boil-

Off for a prior Month ("Prior Month Adjustment" or

"PMA") may be used to reduce Shipper's oldest monthly

variance. Otherwise, the PMA shall be accounted for

as a variance arising in the Month the PMA is

recognized. Any nomination to make-up a Boil-Off

Imbalance shall be used to reduce the Shipper's

oldest remaining variance.

 

(C) Boil-Off Imbalance Trading

 

(1) Shipper may authorize Boil-Off Imbalances to be

posted for trading.

 

(2) Authorizations to post imbalances that are

received by TLNG by 11:45 a.m. shall be

effective by 8:00 a.m. the next Business Day

(Central Clock Time). Imbalances authorized for

posting shall be posted on or before the ninth

(9th) Business Day of the Month.