Questar Pipeline Company
First Revised Volume No. 1
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Effective Date: 07/25/2005, Docket: RP05-401-000, Status: Effective
Eighth Revised Sheet No. 80A Eighth Revised Sheet No. 80A : Effective
Superseding: Seventh Revised Sheet No. 80A
GENERNAL TERMS AND CONDITIONS
12.5 Imbalance Payback Option. Subject to available transportation
and/or storage capacity, operational constraints and approval by Questar, a
shipper during the remainder of the month after notification of its monthly
imbalance, may eliminate its prior month's imbalance through either a physical
payback or take of gas in lieu of or in connection with imbalance trading.
Nominations to reduce the previous Monthly Imbalance must be specifically
designated for that purpose. Questar will consider each shipper's request to
exercise its option under this section and will, on a nondiscriminatory basis,
and subject to prudent operational practices, honor the request.
All remaining imbalances that exceed the imbalance tolerance at the end
of the month will be subject to the following cashout provisions. However, if
shipper cannot cure an imbalance due to force majeure, Questar will extend the
time period for the shipper to pay back an imbalance for a period equal to the
length of the force majeure event.
(a) Cashout volumes are those volumes that exceed the ±5%
imbalance tolerance at the end of the month following the month the imbalance
occurred less any imbalance trades and specific payback volumes. The cashout
process will reduce the Shippers imbalance to be within the imbalance
tolerance upon payment or credit of the cashout amount.
(b) Shippers' imbalance that exceeds the imbalance tolerance
shall be cashed out at a price calculated by multiplying the portion that
exceeds the imbalance tolerance by the applicable rates as determined below.
(c) Determination of cashout price. Questar will use the "Inside
FERC Gas Market Report" first-of-the-month posting for Questar published for
the first of the month following final determination of the cashout volume to
set an index price. If "Inside FERC Gas Market Report" ceases publication or
to the extent prices are not reported