Stingray Pipeline Company

Third Revised Volume No. 1

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Effective Date: 11/01/2000, Docket: RP00-620-000, Status: Suspended

Fourth Revised Sheet No. 132 Fourth Revised Sheet No. 132 : Suspended

Superseding: Third Revised Sheet No. 132

 

 

GENERAL TERMS AND CONDITIONS

 

 

11. IMBALANCES

 

11.1 RESPONSIBILITY FOR BALANCING

 

In addition to delivering and receiving volumes of gas in conformance

with nominations, Shippers are responsible for conforming their takes at

Delivery Points with their deliveries to Stingray at Receipt Points each

day. Stingray has no obligation to deliver for the account of a Shipper

more volumes of gas than Stingray has received for the account of the

Shipper or to accept for the account of the Shipper more volumes of gas

than are being delivered for the account of the Shipper on any day.

 

11.2 NETTING AND TRADING OF MONTHLY IMBALANCES

 

At the end of each calendar month, to the extent the net receipts

(with the appropriate deductions for Company Use Gas) do not equal the

deliveries under an Agreement on a Dth basis, the following

transportation fees and netting and trading procedures will apply:

 

(a) A transportation charge under the applicable provision(s) of

Sheet No. 5 will be assessed for any positive imbalance

remaining at the end of a month.

 

(b) Imbalances under a Shipper's different Agreements will be

netted together to obtain the Shipper's Total Monthly Imbalance

("TMI"). The TMI will be shown with the monthly billings sent

to Shippers. To facilitate the trading or offsetting of a

Shipper's TMI, Stingray will post on its Internet Website, on

or before the ninth business day of the month, the TMI of any

Shipper that has not notified Stingray in writing that the

Shipper does not elect to have that information posted.

Shippers or their agents may then trade offsetting imbalances

that will have similar financial and operational implications

to Stingray with Shippers or their agents until the close of

business on the seventeenth business day of the month (Trading

Period). Parties that agree to trade all or part of an

imbalance must notify Stingray in writing on or before the

seventeenth business day of the month through submission of an

Imbalance Trade Confirmation form; otherwise, such trade shall

not be effective. Upon receipt of an Imbalance Trade

Confirmation, Stingray will send an Imbalance Trade

Notification to the trading parties by noon (Central Clock

Time) the next business day. All or part of a Shipper's TMI

may be offset, provided that a Shipper's TMI that is an overage

may not become an underage, and vice versa. Any Shipper

imbalance remaining after the Trading Period will be cashed out

as described in Section 11.3 or Section 11.4, as appropriate.

Section 11.3 pertains to Minority Shippers with imbalances in

the opposite direction of the System Imbalance. Section 11.4

pertains to Majority Shippers with imbalances in the same

direction as the System Imbalance. The System Imbalance is the

difference, as of the end of the month, between the summation

of all gas delivered during the month for Shippers and the

summation of all gas received during the month from Shippers

minus Company Use Gas.

 

(c) The netting of imbalances does not relieve Shipper of the

obligation to pay all transportation charges for the quantity

of gas actually delivered to Shipper during the month.