Viking Gas Transmission Company

First Revised Volume No. 1

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

Second Revised Sheet No. 121 Second Revised Sheet No. 121 : Effective

Superseding: First Revised Sheet No. 121

 

OPERATIONAL BALANCING AGREEMENT

(For Use at Receipt Point(s))

 

 

ARTICLE I

NOMINATIONS AND CONFIRMATIONS

(Continued)

 

1.5 Unauthorized deliveries - Upon notice by Company under an Operational Flow Order

(OFO), Balancing Party shall conform its deliveries to the terms and conditions of

the OFO. If Balancing Party fails to conform its deliveries to the terms and

conditions of the applicable OFO, the excess quantities will be treated as

unauthorized deliveries and will be subject to a charge as set forth in Section 3 of

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

 

ARTICLE II

CORRECTION OF OPERATIONAL IMBALANCES

 

2.1 Corrections During the Month - Estimated metered quantities, or actual metered

quantities where available, shall be used by Company for purposes of adjustments

under this Section on a daily basis during the production month to determine the

estimated Operational Imbalance at (all of) the Receipt Point(s). Company shall

make the estimated Daily and Monthly Operational Imbalance (at each Receipt Point)

available to Balancing Party within three (3) Business Days after each production

day. Adjustments in nominations and actual deliveries may be made by Company or

Balancing Party during the production month to adequately control imbalance levels.

If Balancing Party fails to take such corrective action, Company may, upon

forty-eight (48) hours notice, adjust the nominations and actual receipts during the

remainder of the production month to adequately control imbalance levels. Any such

adjustments will be incorporated in the daily nominations confirmed between Company

and Balancing Party.

 

2.2 Corrections in Subsequent Periods - As soon as practicable following the close of

each month, Company will send Balancing Party a statement setting forth the Monthly

Operational Imbalance existing at the end of the prior month. Any Monthly

Operational Imbalance shall be corrected in cash in accordance with Rate

Schedule LMS of Company's FERC Gas Tariff Volume No. 1, unless the parties mutually

agree otherwise. For purposes of correcting imbalances in cash in accordance with

Rate Schedule LMS, any difference between actual deliveries and confirmed

nominations will be treated as "Excess Receipts."

 

2.3 Measurement of Operational Imbalance - Any gas received or delivered pursuant to

this Agreement shall be adjusted for variation in Btu content. Measurement of gas

for all purposes shall be in accordance with Company's FERC Gas Tariff.

 

2.4 Operational Integrity - Nothing in this Article II shall limit Company's right to

take action as may be required to adjust receipts of gas in order to alleviate

conditions which threaten the integrity of its system.