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

between them.

 

(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

exists.

 

(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

follows:

 

(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.