Natural Gas Pipeline Company Of America

Seventh Revised Volume No. 1

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Effective Date: 04/18/2008, Docket: RP08-319-000, Status: Effective

Original Sheet No. 372 Original Sheet No. 372 : Pending

 

GENERAL TERMS AND CONDITIONS

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The determination related to the prior sentence shall be made at the end

of the month and any volumes in excess of the 2% cashed out. Such cashout

shall be implemented without offset, netting, trading, in accordance with

Section 13.3 of these General Terms and Conditions, except that imbalances

from 2% to 5% shall be cashed out in the 5% to 10% tier.

 

(3) Volumes under Applicable Agreements equal to

available rights to inject gas (net of withdrawals) pursuant to DSS

Agreements held by the point operator shall next be deemed injected for

that day into the point operator's DSS accounts. If the point operator

has more than one DSS Agreement at one point, volumes shall be allocated

among such Agreements by a method which is mutually agreeable to Natural

and the point operator.

 

(4) Volumes under Applicable Agreements equal to

the sum of confirmed nominations at the point (net of withdrawals)

pursuant to all FTS, FFTS, FTS-G and ITS Agreements held by the point

operator shall next be deemed injected under FTS-NB, FFTS-NB and FTS-G/NB

Applicable Agreements, if any, held by the point operator up to the MDQ at

the point under such Agreements (even if such injections result in an

overrun of point operator's NSS rights). If the point operator has more

than one FTS-NB, FFTS-NB or FTS-G/NB Agreement at the point, volumes shall

be allocated among such Agreements by a method mutually agreeable to

Natural and the point operator.

 

(5) To the extent less volumes have been delivered

on any day than are accounted for by applying steps (1) through (4), such

shortfall shall be allocated for that day to the point operator's account

and shall be subject to any applicable charges under Section 12 of these

General Terms and Conditions [it being understood that the allowable

balancing service to be provided without additional charge under Section

12 has already been provided under step (2) above].

 

(d) Allocation of volumes between pipeline legs

(Amarillo or Gulf Coast) under subsection (b) or (c) shall be in

accordance with Section 5.6(c) of these General Terms and Conditions.

 

(e) To be eligible for a Point Operator Allocation

Agreement, a prospective point operator must meet the same

creditworthiness standards as a Shipper. Further, Natural and the point

operator must not have previously entered into such an agreement which was

terminated because of point operator's failure to perform. Nothing herein

is intended to restrict Natural's right to terminate in accordance with

its terms any Point Operator Allocation Agreement entered into hereunder,

including without limitation the right to terminate because of point

operator's failure to perform consistent with its obligations under the

Point Operator Allocation Agreement.