Nora Transmission Company
First Revised Volume No. 1
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Effective Date: 11/01/1997, Docket: RP97-105-005, Status: Effective
Second Revised Sheet No. 171 Second Revised Sheet No. 171 : Superseded
Superseding: First Revised Sheet No. 171
GENERAL TERMS AND CONDITIONS (Continued)
quantities which exceed by more than four percent (4%) the
quantities received by Pipeline pursuant to the provisions
of Section 13 of the General Terms and Conditions of this
FERC Gas Tariff. In the event Customer fails to deliver or
cause to be delivered within 45 days of notification a
quantity of gas sufficient to balance deliveries to
Pipeline with the quantity taken from Pipeline, an
imbalance penalty shall be imposed of $10/dth multiplied by
the remaining net balance of underdeliveries
in excess of four percent which exists at the end of the 45
It is Pipeline's intention to operate without having to impose
imbalance penalties. Therefore, Pipeline will waive imbalance
penalties so long as the Customer is making reasonable effort to
balance receipts and deliveries and has attempted to work with
Pipeline to alleviate the imbalances. No imbalance penalty
will be assessed when a prior period adjustment applied to
the current period causes or increases a current month penalty.
b. Disposition of Penalties or Cash Out Amounts
Any net penalty revenue received under (a)(1) and (2) from
affiliated companies of Pipeline will be credited on a
prospective basis to firm Customers in proportion to their
contract quantity. Any net cash out revenue will be credited
to Customers in the form of a negative surcharge on firm and
interruptible service rates.
36. EXIT FEES
36.1 Upon the effective date of this Tariff, any Customer that desires
to reduce or terminate any capacity entitlement it holds on
Pipeline's system may do so upon payment of an exit fee.
Pipeline will permit the negotiation of an exit fee in the event
no other party equals or betters the current Customer's rate or
no bids are made and the current Customer wants to be released
from the capacity prior to the end of its service agreement.
However, if another party bids for the capacity at a rate equal
to or higher than the current Customer's rate, up to the maximum
rate, Pipeline will release the current Customer if it does not
wish to retain the capacity.
36.2 For any exit fee payable under this Section 36, Pipeline shall
issue an invoice for the amount of the negotiated exit fee.
The entire amount of the invoice shall be payable ten (10)
days after receipt of the invoice and interest shall accrue