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Original Sheet No. 128 Original Sheet No. 128 : Superseded

 

 

 

 

OPERATIONAL BALANCING AGREEMENT (Continued)

 

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

where available, may be used by Viking 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 Delivery Point(s). Viking shall make the estimated Daily and Monthly Operational

Imbalance at each Delivery Point available to Operator within three (3) business days after

each production day. Adjustments in nominations and actual deliveries will be made by

Operator during the production month to adequately control imbalance levels. If Operator

fails to take such corrective action, Viking may, upon 48 hours notice, adjust the

nominations and actual deliveries during the remainder of the production month to adequately

control imbalance levels. Any such adjustments will be incorporated in the daily nominations

confirmed between Viking and Operator.

 

2.3 Corrections in Subsequent Periods - As soon as practicable following the close of each month,

Viking will send Operator a statement setting forth the 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 Viking's FERC Gas Tariff, unless the parties mutually

agree otherwise.

 

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

Agreement to correct an Operational Imbalance shall be adjusted for variation in Btu content.

Measurement of gas for all purposes shall be in accordance with Viking's FERC Gas Tariff.

 

2.5 Operational Integrity - Nothing in this Article II shall limit Viking's right to take action

as may be required to adjust deliveries of gas in order to alleviate conditions which

threaten the integrity of its system.

 

ARTICLE III

TERM

 

3.1 Duration of Agreement - Subject to the other termination rights provided herein, this

Agreement shall be in full force and effect from the date hereof for a primary term of

________ and shall continue thereafter on a month-to-month basis unless canceled by either

Party upon thirty days' prior written notice with the termination to be effective at the end

of a calendar month. Notwithstanding the above, if any material problem arise as a result of

the provisions of this Agreement, then the Parties will enter into good faith negotiations to

amend this Agreement to resolve such problems. If the Parties are unable to resolve such

problems as a result of such negotiations, then either Party may terminate this Agreement

upon forty-eight (48) hours' prior written notice, with the termination to be effective at

the end of a calendar month.