Gulfstream Natural Gas System, L.L.C.
Original Volume No. 1
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Effective Date: 05/21/2002, Docket: CP00- 6-004, Status: Effective
Original Sheet No. 136 Original Sheet No. 136 : Effective
GENERAL TERMS AND CONDITIONS
8. IMBALANCE RESOLUTION PROCEDURES
8.1 For the purposes of this Section 8, "Receipt" or "Receipts"
shall mean quantities of Gas allocated pursuant to Section
7 of these General Terms and Conditions, net of
Transporter's Use, and "Delivery" or "Deliveries" shall
mean quantities of Gas allocated pursuant to Section 7.
After the end of each Service Month, Transporter shall
render to Cashout Party a statement detailing any imbalance
between Monthly Receipts and Monthly Deliveries under all
of Cashout Party's Transportation Agreements ("Imbalance
Statement"), subject to Transporter's Billing and Payment
provisions contained in Sections 9 and 10 of these General
Terms and Conditions.
8.2 Cumulative Daily Transportation Imbalances shall be subject
to the following imbalance resolution procedures.
(a) Definition of Transportation Imbalance:
"Transportation Imbalance" shall mean the difference
between a Shipper's allocated Receipts and allocated
Deliveries under any firm or interruptible Agreement.
All imbalances will be calculated on a daily basis
and designated to be at the applicable Delivery
(b) Definition of an Imbalance Due Cashout Party: "Due
Cashout Party" shall mean that Deliveries under an
Agreement at the Delivery Point are less than
Receipts at the Receipt Point, adjusted for
Transporter's Use; such difference in quantity is
"Due To" a Cashout Party (or its Agent).
(c) Definition of an Imbalance Due Transporter: "Due
Transporter" shall mean that Deliveries under an
Agreement at the Delivery Point exceed Receipts at
the Receipt Point, adjusted for Transporter's Use;
such difference in quantity is "Due From" a Cashout
Party (or its Agent).