Stingray Pipeline Company, L. L. C.
Third Revised Volume No. 1
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Effective Date: 11/01/2000, Docket: RP00-620-000, Status: Suspended
Fourth Revised Sheet No. 132 Fourth Revised Sheet No. 132 : Suspended
Superseding: Third Revised Sheet No. 132
GENERAL TERMS AND CONDITIONS
11.1 RESPONSIBILITY FOR BALANCING
In addition to delivering and receiving volumes of gas in conformance
with nominations, Shippers are responsible for conforming their takes at
Delivery Points with their deliveries to Stingray at Receipt Points each
day. Stingray has no obligation to deliver for the account of a Shipper
more volumes of gas than Stingray 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.
11.2 NETTING AND TRADING OF MONTHLY IMBALANCES
At the end of each calendar month, to the extent the net receipts
(with the appropriate deductions for Company Use Gas) do not equal the
deliveries under an Agreement on a Dth basis, the following
transportation fees and netting and trading procedures will apply:
(a) A transportation charge under the applicable provision(s) of
Sheet No. 5 will be assessed for any positive imbalance
remaining at the end of a month.
(b) Imbalances under a Shipper's different Agreements will be
netted together to obtain the Shipper's Total Monthly Imbalance
("TMI"). The TMI will be shown with the monthly billings sent
to Shippers. To facilitate the trading or offsetting of a
Shipper's TMI, Stingray will post on its Internet Website, on
or before the ninth business day of the month, the TMI of any
Shipper that has not notified Stingray in writing that the
Shipper does not elect to have that information posted.
Shippers or their agents may then trade offsetting imbalances
that will have similar financial and operational implications
to Stingray with Shippers or their agents until the close of
business on the seventeenth business day of the month (Trading
Period). Parties that agree to trade all or part of an
imbalance must notify Stingray in writing on or before the
seventeenth business day of the month through submission of an
Imbalance Trade Confirmation form; otherwise, such trade shall
not be effective. Upon receipt of an Imbalance Trade
Confirmation, Stingray will send an Imbalance Trade
Notification to the trading parties by noon (Central Clock
Time) the next business day. All or part of a Shipper's TMI
may be offset, provided that a Shipper's TMI that is an overage
may not become an underage, and vice versa. Any Shipper
imbalance remaining after the Trading Period will be cashed out
as described in Section 11.3 or Section 11.4, as appropriate.
Section 11.3 pertains to Minority Shippers with imbalances in
the opposite direction of the System Imbalance. Section 11.4
pertains to Majority Shippers with imbalances in the same
direction as the System Imbalance. The System Imbalance is the
difference, as of the end of the month, between the summation
of all gas delivered during the month for Shippers and the
summation of all gas received during the month from Shippers
minus Company Use Gas.
(c) The netting of imbalances does not relieve Shipper of the
obligation to pay all transportation charges for the quantity
of gas actually delivered to Shipper during the month.