Texas Eastern Transmission Corporation

Sixth Revised Volume No. 1

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Effective Date: 11/01/2000, Docket: RP01- 25-002, Status: Effective

Sub Original Sheet No. 525A Sub Original Sheet No. 525A : Effective

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

Pipeline shall enable the imbalance trading process by (i) receiving

the Request for Imbalance Trade, (ii) receiving the Imbalance Trade

Confirmation, (iii) sending the Imbalance Trade Notification to all

affected parties, and (iv) reflecting the trade prior to or on the

next monthly Shipper Imbalance or cash-out. When trading imbalances,

the quantity to be traded must be specified. After receipt of an

Imbalance Trade Confirmation, Pipeline will send the Imbalance Trade

Notification to the initiating trader and the confirming trader no

later than noon (central clock time) on the next business day.

Imbalance trades can only be withdrawn by the initiating trader and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 Pipeline. Pipeline shall update the Cash-

out Party's imbalance data to reflect any final trades of imbalance

quantities no later than 9:00 a.m. CT on the next business day after

the trade is finalized.

 

8.4 Imbalance Netting

Any imbalance quantities not resolved pursuant to Sections 8.2 and 8.3

will be handled in accordance with this Section 8.4 and Section 8.5

below. For purposes of determining the imbalance quantity that will

be subject to resolution pursuant to Sections 8.5(B) and 8.5(C) below,

all imbalances within an Operational Impact Area due Cash-out Party

under all of Cash-out Party's contracts and all imbalances in that

same Operational Impact Area due Pipeline under all of Cash-out

Party's contracts shall be summed together to yield a single volume of

net imbalances for that Operational Impact Area for the month. The

appropriate index prices, as determined in Section 8.5(a) below, shall

be applied to this single quantity for the month.