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-
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.