Rendezvous Pipeline Company, L.L.C.
Original Volume No. 1
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Effective Date: 02/08/2007, Docket: RP07- 6-000, Status: Effective
Original Sheet No. 41 Original Sheet No. 41 : Pending
16.3 Shipper Imbalance Trading. A Shipper may trade
imbalances with another Shipper, provided that the
Shipper with an imbalance resulting from deliveries by
Transporter in excess of receipts from Shipper will
reimburse Transporter for any difference in
transportation revenues that may result from such
trading. Any trading of Shipper Imbalances must result
in each Shipper's imbalance decreasing.
(a) All imbalance trading will be conducted through
electronic and/or facsimile communications with
Transporter, which will be posted on Transporter's
Designated Site. If a Shipper desires to trade an
imbalance, such Shipper must consent to
Transporter's release of necessary information
regarding the imbalance.
(b) Shippers that trade imbalances are responsible for
making whatever arrangements they deem necessary
to finalize and document the imbalance trade
(c) Transporter will not be responsible for
eliminating any imbalances between Shipper and any
third party. Furthermore, Transporter will not be
obligated to adjust or deviate from its standard
operating and accounting procedures in order to
alleviate any such imbalances.
(d) A Shipper may designate a third party or Agent to
provide imbalance management services.
16.4 Corrective Action by Transporter. Transporter will
have the right to take actions of whatever nature may
be required (including termination or reduction of
service to Shipper) to correct any imbalances which
impair the operation of or threaten the integrity of
Transporter's System, including maintenance of service
to other Shippers.
16.5 Imbalances at Termination of Service.
(a) Following the end of the primary term of the
Transportation Service Agreement or such earlier
termination as provided herein, Shipper shall
correct any remaining imbalance within thirty (30)
Days after notice by Transporter that an imbalance
(b) In the event an imbalance has not been completely
eliminated in accordance with Section 16.5(a)
herein, such imbalance will be cashed out as
(i) If Shipper is overdelivered, Transporter will
credit Shipper's account an amount equal to
the overdelivered volume multiplied by ninety
percent (90%) of the average of the prices
(first of the month, Rocky Mountain price as
published in the Inside FERC Gas Market
Report) for gas delivered to the Receiving
Pipeline(s) for the Month in which the
average of the prices for such Receiving
Pipeline(s) was lowest during the period in
which the imbalance has existed.