T.W. Phillips Pipeline Corp.
Original Volume No. 1
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Effective Date: 01/01/2010, Docket: RP10-141-000, Status: Effective
Original Sheet No. 53 Original Sheet No. 53
GENERAL TERMS AND CONDITIONS
For purposes of this section, Shipper’s monthly imbalance shall equal the
differences between Shipper’s actual cumulative receipts during OFO
operating conditions and Shipper’s actual cumulative deliveries during
OFO operating conditions stated as a percent of Shipper’s actual cumula-
tive deliveries during OFO operating condition during the billing month.
For purposes of this section, the Daily Index Price shall equal the high
in the range of prices reported each day for Columbia Gas Transmission
Corporation - Appalachia published by Gas Daily. If Gas Daily is no
longer published, an equivalent index or indicator shall be published on
Transporter’s Website and this definition will be revised.
13.2.3 Whenever Shipper’s actual cumulative receipts during Billing Month are
less than actual cumulative deliveries, Transporter will recover the cost
of the volumes owed to Transporter by assessing Shipper the replacement
costs associated with the excess gas taken during the Billing Month.
Such costs will be based on the highest daily price reported for Columbia
Gas Transmission Corporation – Appalachia as published by Gas Daily
during the billing month that the imbalance occurred multiplied by Ship-
per’s imbalance volumes.
13.3. Contract Termination – Shipper shall coordinate with Transporter to reduce to
zero, within 60 days of contract termination, Shipper’s Net Imbalance.
13.3.1. For purposes of this section, Shipper’s Net Imbalance shall equal the net
sum of Shipper’s monthly imbalances remaining at contract termination.
13.4. Imbalance Netting and Trading – Transporter will net Shipper’s imbalances on a
monthly basis across all of Shipper’s FT or IT Agreements. Shipper may trade any
imbalances incurred under this section with other shippers on Transporter’s
system, provided the imbalances to be traded are off-setting. Whenever requested
and whenever possible, Transporter will post requests to trade imbalances on
Transporter’s Website. Trades may be completed by notifying Transporter between
8:00 a.m. and 5:00 p.m. Eastern Time on any business day. Trades will be deemed
completed upon notification to Transporter.