Williston Basin Interstate Pipeline Co.
Second Revised Volume No. 1
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Effective Date: 10/01/2002, Docket: RP02-483-000, Status: Effective
Seventh Revised Sheet No. 248B Seventh Revised Sheet No. 248B : Effective
Superseding: Sixth Revised Sheet No. 248B
GENERAL TERMS AND CONDITIONS (Continued)
15. BALANCING AND NOMINATION VARIANCE PROCEDURES (Continued)
15.6.3 Any Eligible Imbalance(s) which has not been traded as
of the close of business on the third (3rd) business day prior to
the end of the month in which the imbalance(s) is to be cleared
shall be cleared in accordance with Subsection 15.12. Any
remaining portion of the Imbalance Trade gas volumes not so
nominated and scheduled by month-end shall be corrected and
cashed-out in accordance with the procedures described in
Subsection 15.5.
15.6.4 Imbalance trades can only be withdrawn by the initiating
trader and only prior to the confirming trader's confirmation of
the trade. Imbalance trades are considered final when confirmed
by the confirming trader and effectuated by Transporter.
15.7 Imbalance Netting: For purposes of this Subsection 15.7,
Imbalance Netting shall be applicable to all imbalance gas originating
as described in Subsection 15.1 (Eligible Imbalances). Netting of
Eligible Imbalances shall include the summing of imbalances or the
offsetting of positive and negative imbalances on or across a shipper's
contracts. Shipper(s) shall submit requests for Imbalance Netting via
an acceptable electronic communication mechanism, as described in
Section 8 of these General Terms and Conditions. After validation of a
Shipper's Imbalance Netting request, Transporter shall notify Shipper,
assign and update the imbalance volumes between the appropriate
Shipper's Service Agreement(s). Shipper submitting requests for such
netting of Eligible Imbalances agrees to reimburse Transporter to the
extent that Transporter recovers less transportation revenue resulting
from such netting than would otherwise have been received.
(The rest of this sheet has been intentionally left blank.)