Transwestern Pipeline Company
Second Revised Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 01/01/2003, Docket: RP00-490-002, Status: Effective
First Revised Sheet No. 99 First Revised Sheet No. 99 : Effective
Superseding: Original Sheet No. 99
34. IMBALANCE NETTING AND TRADING - OPERATOR BALANCING AGREEMENTS
Imbalances accruing on different contracts between a third party (Company) and
Transporter may be offset by netting and trading.
Imbalance netting and trading activity shall follow the steps outlined below.
(i) To the extent the Company has multiple points at which an imbalance accrues,
the monthly imbalances held by a single legal entity shall be accumulated and
netted within the same location prior to applying the applicable index price as
set forth in the provisions regarding index price in Form N of this tariff and
calculating the imbalance dollar valuation.
(ii) By the ninth (9th) business day of the month, Transporter will automatically
post on its EBB the Company's dollar valued imbalances.
(iii) A Company may negotiate with other Companies to trade the existing dollar
imbalances. This trading will occur only between Companies (Transporter will
not be involved).
(iv) All Companies will have until the close of the 17th business day of the month
to complete dollar imbalance trading.
(v) Companies must notify Transporter prior to the close of the 17th business day
via fax or e-mail of the dollars traded and the trading partners (all Companies
involved in the trade must notify Transporter of the intent and amount traded).
(vi) Imbalance netting and trading will be completed at no additional cost to the
(vii) After close of the 17th business day of the month, Transporter will calculate
the Company's final dollar imbalance. Any remaining dollar imbalances
net of trading will be subject to the applicable imbalance valuation provisions
outlined above and resolved in accordance with the provisions outlined in Form N
of this tariff.
(viii) Any discrepancies between trading Company's imbalance trade notifications to
Transporter will result in the trade not being confirmed and the dollars
remaining as an imbalance to both Companies which will be subject to the
applicable imbalance valuation provisions outlined above.