National Fuel Gas Supply Corporation

Third Revised Volume No. 1

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Effective Date: 01/06/1995, Docket: RP95- 83-000, Status: Effective

First Revised Sheet No. 200 First Revised Sheet No. 200 : Superseded

Superseding: Sub. Original Sheet No. 200

 

GENERAL TERMS AND CONDITIONS

 

14. ALLOCATION AND IMBALANCES (Cont'd.)

 

(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 Electronic Bulletin

Board.

 

The Positive Imbalance Cash-Out Price shall be equal to

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

14.10(a) hereof.

 

(c) Refund of Cash-Out Revenues in Excess of Costs. For

purposes of this Subsection (c), an "Annual Billing Period"

shall be the twelve month period commencing each April and

ending the following March 31. Subsequent to the end of

each Annual Billing Period, Transporter shall compare the

revenues received by Transporter under the cash-out

procedures with the costs incurred by Transporter under such

cash-out procedures, including the costs of purchasing gas

to replace any quantities of gas conveyed in cashing out

negative imbalances which are not offset by gas obtained in

cashing out positive imbalances. If the revenues received

exceed the costs incurred, then Transporter shall refund,

within 60 days of the end of the Annual Billing Period, the

net overrecoveries to EFT and FT Shippers on a pro rata

basis in accordance with the transportation volumes

Transporter has delivered to each such Shipper during the

Annual Billing Period. Such refund may be accomplished by a

credit against any amounts owed by Shipper to Transporter.

If the revenues