Texas Eastern Transmission, L P

Seventh Revised Volume No. 1

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Effective Date: 11/16/2009, Docket: RP10-53-000, Status: Effective

Second Revised Sheet No. 582 Second Revised Sheet No. 582

Superseding: Sub First Revised Sheet No. 582

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

applicable to the posted imbalance quantity. For purposes of

determining the imbalance quantity that will be posted, all imbalances

within an Operational Impact Area due Cash-out Party under all of

Cash-out Party's contracts and all imbalances in that Operational

Impact Area due Pipeline under all of Cash-out Party's contracts shall

be summed together to yield a single net imbalance quantity for the

Cash-out Party in that Operational Impact Area for the Month, unless

otherwise agreed to pursuant to Section 8.4 below. Pipeline will

provide to all Customers the ability to view, and upon request,

download posted imbalance information. Pipeline shall enable the

imbalance trading process by (i) receiving the Request for Imbalance

Trade, (ii) receiving the Imbalance Trade Confirmation, (iii) sending

the Imbalance Trade Notification to all affected parties, and (iv)

reflecting the trade prior to or on the next monthly Shipper Imbalance

or cash-out. When trading imbalances, the quantity to be traded must

be specified. After receipt of an Imbalance Trade Confirmation,

Pipeline will send the Imbalance Trade Notification to the initiating

trader and the confirming trader no later than noon (central clock

time) on the next Business Day. 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withdrawn by the initiating trader and only prior to the confirming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

Pipeline. Pipeline shall update the Cash-out Party's imbalance data

to reflect any final trades of imbalance quantities no later than 9:00

a.m. CT on the next Business Day after the trade is finalized.

 

8.4 Imbalance Netting

For purposes of determining the quantity of Cash-out Party's monthly

imbalance, all imbalances within an Operational Impact Area due Cash-

out Party under all of Cash-out Party's contracts and all imbalances

in that same Operational Impact Area due Pipeline under all of Cash-

out Party's contracts shall be summed together to yield a single

volume of net imbalances for that Operational Impact Area for that

Month unless otherwise requested in writing by Cash-out Party. Any

monthly imbalances not resolved after Sections 8.2 and 8.3 above have

been utilized will be subject to resolution in accordance with Section

8.5 below.