Viking Gas Transmission Company
First Revised Volume No. 1
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Effective Date: 07/01/2004, Docket: RP04-306-000, Status: Effective
First Revised Sheet No. 33B First Revised Sheet No. 33B : Effective
Superseding: Substitute Original Sheet No. 33B
RATE SCHEDULE LMS
LOAD MANAGEMENT SERVICE
5. MONTHLY IMBALANCES (Continued)
Before Company shall facilitate the imbalance trade, the Confirming Trader
must verify the terms of the trade and, in the form prescribed by Company,
notify Company of its acceptance of such terms.
Company shall notify both the Initiating Trader and the Confirming Trader
of Company's acceptance of the imbalance trade no later than noon (CCT) on
the first Business Day after the Confirming Trader has notified Company 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
Imbalance trades may only be withdrawn by the Initiating Trader and only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 Company is notified of the Confirming
Trader's acceptance of the terms of the trade and the trade is effectuated
Company shall permit imbalance trades to the extent operationally feasible.
Imbalance trades shall be facilitated at no cost, except the Initiating
Trader shall pay for any fuel and losses resulting from the trade.
Company shall reflect the imbalance trade in the month in which it occurred
on that month's Imbalance Statement for both parties to the trade.
(b) Imbalance Cash Out
Balancing Party's monthly imbalance shall reflect the net total of daily variances
from all points covered by the OBA and any imbalance trades implemented under
Subsection 5(a) of this Rate Schedule. Unless Company and Balancing Party
mutually agree to correct the imbalance in kind on a nondiscriminatory basis, each
month Company and Balancing Party 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. Company shall divide the monthly imbalance by the sum of the scheduled
nominations for all Gas Days of the month for all points covered by the OBA to
determine the monthly imbalance to be cashed out as set forth below: