Ozark Gas Transmission, L. L. C.

Original Volume No. 1

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Effective Date: 10/01/2001, Docket: RP00-408-001, Status: Effective

Original Sheet No. 106A Original Sheet No. 106A : Effective

 

GENERAL TERMS AND CONDITIONS (continued)

 

If Shipper is not charged an imbalance penalty for

imbalances, Transporter and Shipper shall eliminate any

monthly imbalances remaining after any netting or

trading by Shipper (in accordance with Section 22 of

these General Terms and Conditions) as follows.

Shipper shall be charged and shall pay, or shall be

paid or receive a credit, as appropriate, based on the

Index Price, pursuant to the table below:

 

Monthly Imbalance Percentage Under-supply Factor Over-

supply Factor

 

0% to 10% 1.00 1.00

 

10% to 15% 1.10 .90

 

15% to 20% 1.20 .80

 

20% to 25% 1.30 .70

 

25% and greater 1.40 .60

 

For example, the first 10% of a Shipper's monthly

imbalance would be cashed out at the Index Price

multiplied by a factor of 1.00, and the next 5% would

be cashed out at the Index Price multiplied by 1.10.

Transporter may waive cash out of Shipper's imbalances

on a non-discriminatory basis for any given month.

 

The "Index Price" shall mean the arithmetic average of the

daily prices designated under the column "Midpoint" quoted

for deliveries to Reliant (North/South) in the Daily Price

Survey published by Gas Daily for the last two weeks of the

Month. If the Daily Price Survey no longer reports prices

for any of the previously specified pipelines, the

arithmetic average shall be taken using the pipelines for

which prices continue to be reported. If Gas Daily or its

Daily Price Survey are no longer published, the Index Price

shall be derived in the same manner, using the weekly spot

prices quoted in Inside F.E.R.C.'s Gas Market Report.