Viking Gas Transmission Company

First Revised Volume No. 1

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Effective Date: 07/01/2004, Docket: RP04-306-000, Status: Effective

Fourth Revised Sheet No. 35 Fourth Revised Sheet No. 35 : Effective

Superseding: Third Revised Sheet No. 35

 

RATE SCHEDULE LMS

LOAD MANAGEMENT SERVICE

 

 

5. MONTHLY IMBALANCES (Continued)

 

The Index Price shall be determined on a weekly and monthly basis. Each

Weekly Index Price shall equal the price of gas delivered to Company at

Emerson, Manitoba as published in the "Weekly Price Survey" of Gas Daily

for such week. The Weekly Index Price will be posted on Company's System a

reasonable time after receipt of Gas Daily's "Weekly Price Survey". For

purposes of determining the cash out of imbalances in accordance with

Schedules A and B herein, the "Average Monthly Index Price" shall be the

average of the Weekly Index Prices determined during a given month.

 

If none of the Gas Daily "Weekly Price Surveys" for a given month include a

price for gas delivered to Company at Emerson, Manitoba ("Weekly Emerson

Price"), the "Average Monthly Price Index" for such month shall be the

average of the last Weekly Emerson Price published by Gas Daily preceding

that month and the first Weekly Emerson Price published by Gas Daily

following that month.

 

If Gas Daily's "Weekly Price Survey" is no longer published, Company and

parties to OBAs shall meet to undertake to agree upon alternative spot

price indices.

 

A delivery point Balancing Party or market aggregator which has OBAs in

more than one rate zone may net the monthly imbalances between such OBAs;

provided however, that such Balancing Party or market aggregator shall pay

to Company a charge equal to the difference between the applicable daily

reservation rates applied to any excess quantities delivered in a

downstream rate zone which are netted against quantities not delivered in

an upstream rate zone.

 

The amounts due hereunder shall be paid in accordance with Sections 5 and 6

of the General Terms and Conditions of Company's FERC Gas Tariff; provided

that Company shall have the right, but not the obligation, to delay

invoicing for such matters until the fifteenth (15th) day of the second

month following the month of delivery.