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. 163 Original Sheet No. 163 : Effective

 

GENERAL TERMS AND CONDITIONS (Continued)

 

(iv) In order for Shippers to trade and/or net their

imbalances, they must complete and submit to KPC

the appropriate Monthly Imbalance Netting and

Trading Forms, as specified by KPC on such

forms. Form No. 2 shall be used by the Shipper

(the initiating trader), for transactions

relative to netting imbalances across its own

transportation contract. Form No. 3 shall be

used by the Shipper (the initiating trader), for

transactions relative to trading imbalances with

other Shippers (the confirming trader). KPC must

receive such completed form prior to the

seventeenth (17) business day of the month. In

order for imbalances to be netted or traded, the

imbalances must occur within the same production

month and same Zone in which the original

imbalance occurred, and must not have an adverse

impact KPC's system.

 

(v) Shippers can withdraw its imbalance trades by

using the Imbalance Trading and Netting Form No.

4, as long as this form is received by KPC prior

to the confirming trader's confirmation of the

trade. Imbalance trades are considered final

when confirmed by the confirming trader and

effectuated by the KPC. After receipt of an

Imbalance Trade Confirmation, KPC shall send the

Imbalance Trade Notification to the initiating

trader and the confirming trader no later than

noon CCT the next business day.

 

(vi) After the seventeenth (17) business day of the

month KPC shall adjust the preceding month's

imbalance to reflect the quantities traded

and/or netted. No additional charges to the