Florida Gas Transmission Company

Third Revised Volume No. 1

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Effective Date: 11/01/1997, Docket: RP97-531-000, Status: Effective

Fourth Revised Sheet No. 131 Fourth Revised Sheet No. 131 : Superseded

Superseding: Third Revised Sheet No. 131

GENERAL TERMS AND CONDITIONS

(continued)

 

B. Cash-Out Provisions

 

It is the responsibility of the Imbalance party to eliminate

end-of-month imbalances not resolved through the above Book-Out

provisions by cash settlement with Transporter. Transporter and the

Imbalance Party shall settle in cash all remaining Receipt

Imbalances, NNTS Imbalances and Delivery Imbalances unless otherwise

mutually agreed. Transporter will send each Imbalance Party a

statement detailing the quantities resolved through the Book-out

provisions and the unresolved imbalance quantities and payment of the

amount due Imbalance Party or an invoice for the amount due

Transporter, in accordance with the following:

 

1. Imbalance Due Transporter

In the event of a Delivery or NNTS Imbalance when actual

deliveries exceed scheduled quantities or a Receipt Imbalance

when actual receipts are less than scheduled quantities,

Transporter will invoice the Imbalance Party for such excess

delivery or deficiency of receipts in accordance with the

following provisions:

(a) Such invoice will be based on the Sales Posted Price for

the month multiplied by the applicable factor as follows:

 

Imbalance Level Factor

0% - 5% 1.05

Greater than 5% - 20% 1.10

Greater than 20% 1.20

 

Imbalance Level shall be calculated by dividing the

imbalance quantity by the sum of the total quantities

scheduled for delivery or receipt.

 

For imbalances due Transporter, the Sales Posted Price

shall equal the highest of the monthly average spot prices

for gas delivered to Transporter at Mustang Island

(Tivoli), Vermilion Parish or St. Helena Parish, as

reported in Natural Gas Week. In the event that these

prices are no longer available or the basis upon which such

prices are reported or calculated in such publication

changes substantively, Transporter will file to change its

tariff and may, at its discretion, select representative

prices in the interim period, subject to Commission

approval.