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

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Imbalance trades may only be withdrawn by the Initiating Trader and only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 Company is notified of the Confirming

Trader's acceptance of the terms of the trade and the trade is effectuated

by Company.

 

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: