Viking Gas Transmission Company

First Revised Volume No. 1

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Effective Date: 02/01/2001, Docket: RP01- 47-001, Status: Suspended

Original Sheet No. 33B Original Sheet No. 33B : Suspended

 

 

RATE SCHEDULE LMS (Continued)

 

Before Transporter shall facilitate the imbalance trade, the Confirming Trader

must verify the terms of the trade and, in the form prescribed by Transporter,

notify Transporter of its acceptance of such terms.

 

Transporter shall notify both the Initiating Trader and the Confirming Trader

of Transporter's acceptance of the imbalance trade no later than noon (CCT) on

the first business day after the Confirming Trader has notified Transporter of

its acceptance of the terms of the trade.

 

Any imbalance trade must be requested and confirmed by no later than the fifth

business day after the end of the month in which the imbalances occurred.

 

Imbalance trades may only be withdrawn by the Initiating Trader and only prior

to the acceptance of the trade by the Confirming Trader. Imbalance trades are

considered final when the Transporter is notified of the Confirming Trader's

acceptance of the terms of the trade and the trade is effectuated by Transporter.

 

Transporter shall permit imbalance trades to the extent operationally feasible.

Imbalance trades within an Operational Impact Area shall be facilitated at no

cost, except the Initiating Trader shall pay for any fuel and losses resulting

from the trade. In the event that the Operators desire to trade imbalances

across Operational Impact Areas, the Initiating Trader shall also be subject to

any and all charges for transportation service across the Operational Impact

Areas. For any trade effectuated by Transporter, each party to the trade

shall pay Transporter a transaction service charge of $100.00.

 

Transporter shall reflect the imbalance trade in the month in which it occured

on that month's Imbalance Statement for both parties to the trade.

 

(b) Operator's monthly imbalance shall reflect the net total of daily variances from all

points covered by the OBA and any imbalance trades implemented under section 6(a) above.

Unless Transporter and Operator mutually agree to correct the imbalance in kind on a

nondiscriminatory basis, each month Transporter and Operator shall "cash out" any

imbalance between scheduled nominations at receipt points covered by a receipt point OBA

and between deliveries and scheduled nominations at delivery points covered by a

delivery point OBA. Transporter shall divide the monthly imbalance by the sum of the

scheduled nominations for all days of the month for all points covered by the OBA to

determine the monthly imbalance to be cashed out as set forth below: