Viking Gas Transmission Company

Original Volume No. 1

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Effective Date: 11/01/1993, Docket: RS92- 52-001, Status: Effective

Original Sheet No. 119 Original Sheet No. 119 : Superseded

 

 

 

 

OPERATIONAL BALANCING AGREEMENT

(For Use at Points of Receipt)

 

 

This Agreement dated and effective _________________, 19____ is by and between Viking Gas

Transmission Company (Viking), and _______________________________ (Operator) (Supplier).

 

W I T N E S S E T H:

 

WHEREAS, Viking transports natural gas from the receipt point(s) specified in Exhibit "A"

attached hereto (Receipt Point(s));

 

WHEREAS, the gas actually delivered at the Receipt Point(s) is at times different than the

quantities nominated to be purchased and/or transported by Viking from those points;

 

WHEREAS, Viking and Operator desire to allocate the transportation and/or purchase of natural

gas from the Receipt Point(s) based upon confirmed nominations and to allocate any difference

between such confirmed nominations and actual deliveries at the Receipt Point(s) (Operational

Imbalance) to this Agreement;

 

WHEREAS, Viking and Operator desire to correct the Operational Imbalances in subsequent

periods in cash, unless the parties mutually agree otherwise; and

 

WHEREAS, Viking and Operator desire to implement operating rules designed to encourage

conduct that maintains Viking's system balance in a manner that facilitates the movement of gas

for transportation purposes.

 

NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby

acknowledged, Viking and Operator covenant and agree as follows:

 

ARTICLE I

NOMINATIONS AND CONFIRMATIONS

 

1.1 Confirmation of Nominations - Prior to the beginning of the month in which service is to

commence, Viking and Operator shall confirm the quantities nominated to be transported by

Viking at the Receipt Point(s) commencing on the first day of the month following the

confirmation. Any modification to such confirmed quantities shall be confirmed by Viking and

the Operator prior to the commencement of the revised service. Viking shall provide evidence

of such confirmation in writing to Operator within two business days after such confirmation,

unless mutually agreed to otherwise. Operator shall notify Viking of any errors in the

confirmed nominations within two business days of receipt of such written evidence from