Quest Pipelines (Kpc)
Second Revised Volume No. 1
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Effective Date: 02/01/2008, Docket: RP08-174-000, Status: Effective
Original Sheet No. 151 Original Sheet No. 151 : Effective
GENERAL TERMS AND CONDITIONS (Continued)
(i) Cash-out procedure: Any imbalance in excess of
the MAIQ remaining after application of the
imbalance resolution procedures set out in
Section 12.17, shall be sold by Shipper to KPC
according to the following schedule:
Percentage
Imbalance Level Applicable Mid Continent
in Excess of MAIQ Spot Index
0% - 5% 1.0 x Lowest weekly Price
> 5% - 10% .9 x Lowest weekly Price
>10% - 15% .8 x Lowest weekly Price
>15% - 20% .7 x Lowest weekly Price
>20% .6 x Lowest weekly Price
The percentage imbalance level shall be calculated by
dividing the imbalance in excess of MAIQ by the actual
Quantity of Gas received during the Month in which the
excess occurred, unless the percentage imbalance level would
be lower if calculated using operating data provided
pursuant to Section 12.9 of these General Terms and
Conditions, in which case the percentage imbalance level
shall be calculated using such operating data.