Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 12/31/2000, Docket: GT01- 6-000, Status: Effective

Original Sheet No. 2703 Original Sheet No. 2703 : Effective

 

GENERAL TERMS AND CONDITIONS

Section 20

(Continued)

 

 

(2) Imbalance Due Gulf South - In the event of an

imbalance when actual allocated delivery quantities

exceed actual allocated receipt quantities at the end

of each month, Gulf South will invoice the

transportation Customer for such imbalance. In the

event an NNS Customer has withdrawals in excess of

storage inventory Gulf South will invoice the NNS

Customer for such imbalance.

 

(a) Such bill will be calculated by multiplying the

imbalance by the index "sell" price determined

above multiplied by each of the following

factors for the applicable percentage range:

 

Imbalance Level Factor

0% to 10% 1.0

above 10% to 15% 1.25

Greater than 15% 1.50

 

The imbalance level will be calculated by dividing

the imbalance by the actual receipt quantities. The

NNS imbalance level will be calculated by dividing

the imbalance by the Maximum Storage Quantity (MSQ).

 

(b) The Customer shall pay Gulf South in accordance

with Section 18 of Gulf South's General Terms

and Conditions.

 

(3) Imbalance Due Customer - In the event of an imbalance

when actual allocated receipt quantities exceed

actual allocated delivery quantities at the end of

each month, Gulf South will provide a credit on the

invoice to the transporting Customer. In the event

an NNS or NNS-SCO Customer has injections in excess

of NNS Maximum Storage Quantity (MSQ) Gulf South will

provide a credit on the invoice to the NNS or NNS-SCO

Customer.