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. 250 Original Sheet No. 250 : Effective
GENERAL TERMS AND CONDITIONS
28.8 Imbalance Trading. Imbalance trading activity shall follow the steps
outlined below. All imbalance trading will be on a dekatherm basis.
(a) By the ninth (9th) business day of the month following the month
the imbalance occurred, WTG Hugoton will automatically post on its website
Shipper's imbalances (netted by legal entity) by type of imbalance.
(b) A Shipper may negotiate with other Shippers, or Shipper's agent, to
trade the existing imbalances. An agent is allowed to trade imbalances on
behalf of more than one shipper at the same time. There is no requirement
that imbalances for trading must be incurred on the same day.
(c) All Shippers will have until the close of the 17th business day of
the month following the month the imbalance occurred to complete imbalance
trading.
(d) Shippers must notify WTG Hugoton prior to the close of the 17th
business day via fax or e-mail of the volumes traded and the trading partners
(all Shippers in the trade must notify WTG Hugoton of the intent and the
amount traded).
(e) Imbalance trades will be executed at no additional cost to the
Shipper.
(f) After the close of the 17th business day of the month following the
month the imbalance occurred, WTG Hugoton will calculate Shipper's final
imbalance for the prior month's gas flow. Any remaining imbalances net of
trading will be subject to the resolution mechanism outlined in Section 28.6
(b).
(g) Any discrepancies between trading Shippers' imbalance trade
notifications to WTG Hugoton will result in the trade not being confirmed and
the volume remaining as an imbalance to both Shippers which will be subject to
Section 28.6 (b). However, an initiating Shipper may cure any defect in its
imbalance trade notification so long as the Shipper does so prior to the
receipt of the trade confirmation. Imbalance trades can only be withdrawn by
the initiating trader and only prior to the confirming trader's confirmation
of the trade. Imbalance trades are considered final when confirmed by the
confirming trader and effectuated by WTG Hugoton.