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.