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.