Carnegie Interstate Pipeline Company
Original Volume No. 1
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Effective Date: 01/01/1995, Docket: CP93-552-003, Status: Effective
Original Sheet No. 115 Original Sheet No. 115 : Effective
Superseding: Original Sheet No. 115
GENERAL TERMS AND CONDITIONS
(Continued)
17.4 (Continued)
paragraph, including the monthly
imbalance penalties listed below, shall apply to
any further monthly imbalance quantities
incurred by Customer after such grace period.
If Customer does not correct a monthly imbalance
within the prescribed time period, CIPCO shall
bill Customer, and Customer shall pay, the
following:
(i) If the imbalance determined
in paragraph (b) above is an underdelivery
of gas to CIPCO, the penalty shall be ten
dollars ($10.00) multiplied by such monthly
imbalance quantity; or
(ii) If the imbalance quantity
determined in paragraph (b) above is an
overdelivery of gas to CIPCO, the penalty
shall be the retention by CIPCO of such
monthly imbalance quantity at no cost and
free and clear of any adverse claims
relating thereto. CIPCO shall have the
right to sell such gas through use of
CIPCO's electronic bulletin board and to
retain all revenues received therefrom.
In addition, if as a result of a
monthly imbalance as defined in paragraph (b)
above, CIPCO incurs from any upstream pipeline
an imbalance charge or penalty, an unauthorized
overrun charge or penalty, additional gas cost,
and/or a gas supply inventory reservation charge
attributable to Customer(s)' over or under
deliveries to CIPCO, CIPCO shall bill
Customer(s), and Customer(s) shall pay, such
Customer(s)' proportionate share of such
charges, penalties, or costs.