Mississippi River Transmission Corp.
Third Revised Volume No. 1
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Effective Date: 05/01/1996, Docket: RP96-199-000, Status: Effective
Second Revised Sheet No. 149 Second Revised Sheet No. 149 : Superseded
Superseding: First Revised Sheet No. 149
GENERAL TERMS AND CONDITIONS
10. TRANSPORTATION BALANCING (Continued)
(ix) Any imbalances resulting from revised flow
information that are determined after the transportation or
storage for that month has been billed will be cashed out at
the first tier dollar values set forth in Section
10.4(d)(ii) hereof after any necessary revised NNT storage
adjustments have been made.
10.5 Gas Trading Program
(a) The Gas Trading Program will be available to permit
Customers to trade gas to offset individual contract imbalances
incurred during the same month.
(b) A Customer transmits for posting to the Electronic
Bulletin Board a "Buy" or "Sell" message setting forth the
quantity of gas it desires to buy or sell, and a telephone
contact. Parties interested in negotiating a trade must contact
directly the posting Customer.
(c) To consummate a gas trade, the parties agreeing to
trade must telecopy to MRT a gas trading form indicating their
agreement to the trade, the amount to be traded, and the receipt
point(s) where the traded gas was sourced. The receipt point(s)
listed on the trade form must be valid under the receiving party's
contract. MRT will only approve trades which will not harm MRT
operationally or financially. MRT will indicate its approval on
the trading forms and telecopy the approved forms to the parties
involved. MRT will then transfer the receipt quantities traded
between the appropriate contracts and update the allocations and
balancing statements for each Customer for the affected month.
(d) For each month, MRT will establish a Gas Trading
Period during which MRT will accept gas trading forms. The Gas
Trading Period will last at least ten (10) days, and MRT will
provide at least three (3) days prior notice of each Gas Trading
Period on its Electronic Bulletin Board.