MidContinent Express Pipeline LLC
Original Volume No. 1
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Effective Date: 04/10/2009, Docket: RP09-136-000, Status: Effective
Original Sheet No. 159 Original Sheet No. 159
GENERAL TERMS AND CONDITIONS
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10. IMBALANCES AND SCHEDULING CHARGES
10.1 RESPONSIBILITY FOR BALANCING
Shippers are obligated to deliver and receive Gas in
conformance with their confirmed nominations. MEP will attempt to
enter into OBAs which deal with imbalances. If an OBA is not feasible
or the imbalance is beyond the terms of the OBA, however, Shippers
are also responsible for conforming their takes at Delivery Points
with their deliveries to MEP at Receipt Points each Day. MEP has no
obligation to deliver for the account of a Shipper more volumes of
Gas than MEP has received for the account of the Shipper or to accept
for the account of the Shipper more volumes of Gas than are being
delivered for the account of the Shipper on any Day.
10.2 NETTING AND TRADING OF IMBALANCES
At the end of each calendar Month, to the extent the net
receipts (with the appropriate deductions for the applicable Fuel Gas
and Unaccounted For Gas) do not equal deliveries under an Agreement
on a Dth basis [such imbalances shall be separately determined by
Operational Impact Area as defined in Section 10.4(d) hereof] and for
imbalances that may be created at a point level in specific
Operational Impact Areas due to the differences between the nominated
and or confirmed and allocated activity, but may offset at the
contract level, the following netting and trading procedures will
apply (imbalances on the Leased Capacity will be determined
separately with appropriate deductions for fuel and unaccounted for
gas applicable to the Leased Capacity):
(a) Imbalances under a Shipper's different Agreements
will then be netted together for each Operational Impact Area to
obtain the Shipper's aggregate imbalance for each Operational Impact
Area, which will be either an Overage Imbalance or an Underage
Imbalance as defined in Section 10.4 hereof. Netting must be done
within the Operational Impact Areas defined in Section 10.4(d) of
these General Terms and Conditions. Shippers may only decrease their
Overage and Underage Imbalances through trading and must do so within
the Operational Impact Area where the imbalance exists.
(b) To assist Shippers in arranging trades, MEP will
post on its Interactive Website the Total aggregate Imbalance by
Operational Impact Area of any Shipper which has notified MEP that it
has elected to have such information posted. Notification by the