Ozark Gas Transmission, L. L. C.

First Revised Volume No. 1

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Effective Date: 11/16/2009, Docket: RP09-1040-000, Status: Effective

First Revised Sheet No. 173 First Revised Sheet No. 173

Superseding: Original Sheet No. 173

 

GENERAL TERMS AND CONDITIONS (continued)

 

Transporter and Shipper shall eliminate any monthly imbalances remaining

after any netting or trading by Shipper (in accordance with Section 22.2

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 Under-supply Over-supply

Percentage Factor 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% 1.40 .60

 

For example, if an under-supply imbalance percentage is 15%, 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 Shippers' 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

CenterPoint (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 the previously specified pipeline, or 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.