W T G Hugoton, LP
Original Volume No. 1
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Effective Date: 08/01/2007, Docket: CP06- 90-002, Status: Effective
Original Sheet No. 249 Original Sheet No. 249 : Effective
GENERAL TERMS AND CONDITIONS
28.6 Resolution of Imbalances
Each month, subject to mutual agreement by WTG Hugoton and Shipper on a
not unduly discriminatory basis, WTG Hugoton and Shipper shall eliminate any
Imbalance by using any combination of the two (2) resolution mechanisms set
forth below. Imbalances will be posted on the 9th Business Day of the month.
Shippers will have until the 12th Business Day of the month to access WTG
Hugoton's website to elect which imbalance resolution mechanism(s) they will
use and the volumes associated with each mechanism. Any volumes not
designated to be resolved using trading (for which final notification is due
to WTG Hugoton by the close of the 17th business day) will automatically be
cashed out. Any residual imbalance volume remaining after trading will also
be automatically cashed-out as further explained herein.
(a) Monthly Imbalance Trading. Each month, Shipper will have the
opportunity to post and trade monthly imbalances with other eligible Shippers
until the close of the 17th business day of the month. All imbalance trading
activity shall be in accordance with Section 28.8 below.
(b) Monthly Cash-out/in. Each month, WTG Hugoton will either invoice
the Shipper pursuant to Section 9 of these General Terms and Conditions or
credit the Shipper the Dollar Valuation amount of the Shipper's monthly
imbalance, determined in accordance with Section 28.5 above.
28.7 Imbalance Statements.
The imbalance statement shall be rendered prior to or with the monthly
initial invoice. Rendered is defined as postmarked, time-stamped, or
delivered to the designated site. Upon termination of the Service Agreement,
any imbalances shall be cashed out/in within thirty (30) days from the date of