National Fuel Gas Supply Corporation

Fourth Revised Volume No. 1

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Effective Date: 10/14/2004, Docket: RP04-591-000, Status: Effective

First Revised Sheet No. 392 First Revised Sheet No. 392 : Effective

Superseding: Sub. Original Sheet No. 392

 

GENERAL TERMS AND CONDITIONS

 

14. ALLOCATION AND IMBALANCES (Cont'd.)

 

TET = the higher of Texas Eastern FT-1 or Texas Eastern CDS

firm transportation rate for Market Area 2 deliveries, not

including demand or reservation charges or surcharges, but

including the maximum commodity rate and all other variable

charges such as fuel and shrinkage for receipts from Zone

STX.

 

TRN = Transco FT firm transportation rate for Zone 6

deliveries, not including demand or reservation charges or

surcharges, but including the maximum commodity rate and all

other variable charges such as fuel and shrinkage for

receipts from Zone 1.

 

(b) Clearing of Positive Imbalances. Should such imbalance be

positive, the imbalance shall be subject to Positive

Imbalance Cash-Out.

 

The Positive Imbalance Cash-Out Price is a price per Dth

which is applied to the amount of the Shipper's positive

imbalance. Transporter will refund, credit or otherwise pay

to Shipper the Positive Imbalance Cash-Out Price in return

for Transporter's retaining the positive imbalance quantities

at no further cost to Transporter, free and clear of any

claims by any adverse party including Shipper. Shipper's

regular invoice for transportation services will include a

credit or refund for the money owed to Shipper under this

Positive Imbalance Cash-Out. Upon sending that invoice,

Transporter will make gas accounting entries reducing the

amount of Shipper's positive imbalance accordingly.

Transporter shall post the Positive Imbalance Cash-Out Price

for each month on its Web Site.

 

The Positive Imbalance Cash-Out Price shall be equal to

ninety percent (90%) of the Index as defined in Section

14.10(a) hereof.