Viking Gas Transmission Company

First Revised Volume No. 1

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Effective Date: 10/14/2005, Docket: RP05-670-000, Status: Effective

Third Revised Sheet No. 120 Third Revised Sheet No. 120 : Effective

Superseding: Second Revised Sheet No. 120

 

OPERATIONAL BALANCING AGREEMENT

(For Use at Receipt Point(s))

 

 

ARTICLE I

NOMINATIONS AND CONFIRMATIONS

(Continued)

 

quantities to be transported at any Receipt Point(s) in accordance with the above,

and such failure continues for fifteen (15) days or more (whether or not such days

are consecutive) after 24-hour written notice to the Balancing Party by Company for

each occurrence of Balancing Party's failure to respond, then this Agreement shall

terminate upon written notice from Company at the end of that calendar month (and

such Receipt Point(s) will be deleted from Exhibit A upon written notice from

Company at the end of the calendar month and shall no longer be subject to this

Agreement). If, subsequent to the deletion of the Receipt Point from this

Agreement, Balancing Party demonstrates to Company's satisfaction that Balancing

Party will respond to confirmation requests in accordance with this Agreement, then

the Receipt Point may be added to Exhibit A.

 

1.2 Allocations Based on Confirmed Nominations - The Parties intend that the quantity

actually delivered at the Receipt Point(s) will be equal to the confirmed

nominations. Balancing Party shall use all reasonable efforts to ensure that the

quantities actually delivered at the Receipt Point(s) are equal to the confirmed

nominations. Unless prohibited by applicable law or regulation, all transportation

services provided by Company shall be allocated each Gas Day based upon the

confirmed nominations set forth in Section 1.1 above, or by such other methods as

may be mutually agreed to by both Parties.

 

1.3 Allocation of Variances - The difference on any Gas Day between the confirmed

nominations set forth in Section 1.1 above and the total actual quantity delivered

at the Receipt Point(s) as shown on Exhibit "A" shall be the Daily Operational

Imbalance and shall be allocated to this Agreement. The differences between the sum

of the confirmed nominations set forth in Section 1.1 above during a calendar month

and the total actual quantity delivered at the Receipt Point(s), as shown on

Exhibit "A", during the calendar month shall be the Monthly Operational Imbalance.

Any Operational Imbalances will be corrected in accordance with Article II.

 

1.4 Reports on Actual Deliveries - The Balancing Party shall provide meter statements

within five (5) Business Days after the close of a calendar month at any Receipt

Point(s) where Company does not operate the meter. If the Balancing Party does not

provide such information or meter statements at any Receipt Point(s), or the

information provided contains significant inaccuracies as reasonably determined by

Company, and such conditions continue for fifteen (15) days or more (whether or not

such days are consecutive) after the first notice to the Balancing Party, then this

Agreement shall terminate upon written notice from Company at the end of that

calendar month (and such Receipt Point(s) will be deleted from Exhibit A upon

written notice from Company at the end of that calendar month). Any Receipt Point

which is deleted from this Agreement in accordance with this section, may be added

to Exhibit A in the future if the Parties mutually agree.