Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

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Effective Date: 08/01/2009, Docket: RP08-436-004, Status: Effective

Sixth Revised Sheet No. 133 Sixth Revised Sheet No. 133

Superseding: Fifth Revised Sheet No. 133

 

GENERAL TERMS AND CONDITIONS

 

effective. Upon receipt of the Confirmation of

Agreement to Trade Imbalances, 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 positive may not become

negative, and vice versa. Any Shipper imbalance

remaining after the Trading Period will be cashed out

as described in Section 11.3.

 

11.3 CASH-OUT PROCEDURES

 

(a) Any imbalance remaining after the end of Trading

Period will be cashed out on a tiered basis

pursuant to the following schedule:

 

POSITIVE NEGATIVE

IMBALANCE LEVEL (Stingray pays Shipper) (Shipper pays Stingray)

---------------- ----------------------- -----------------------

0% to 5% 100% x AMIP 100% x AMIP

Greater than

5% to 10% 90% x AMIP 110% x AMIP

Greater than

10% to 15% 80% x AMIP 120% x AMIP

Greater than

15% to 20% 70% x AMIP 130% x AMIP

Greater than 20% 60% x AMIP 140% x AMIP

 

Notwithstanding the foregoing, any imbalances created during

the time an Operational Flow Order has been issued to the

benefit of the System that are remaining at the end of the

Month will be separately cashed out at 100% of the AMIP.

 

(b) Following any offsetting with other Shippers, a

Shipper's remaining imbalance will be cashed out based

on the percentage of that imbalance compared to the

total receipts for that Shipper during the Month, per

the above table. For example, if the total receipts

were 1,000 Dth and the remaining