Millennium Pipeline Company, L. L. C.
Original Volume No. 1
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Effective Date: 12/22/2008, Docket: CP98-150-011, Status: Effective
Original Sheet No. 608 Original Sheet No. 608
OPERATIONAL BALANCING AGREEMENT
RECONCILIATION OF OPERATIONAL IMBALANCES
2.1 The Parties intend that the quantities of gas actually delivered and
received each day at the Interconnection Point(s) will equal the confirmed
nominations, and the party controlling the flow at the Interconnection
Point(s), as set forth on Exhibit "A", shall control such flow accordingly.
Each Party shall allocate the volumes to be delivered and received at the
Interconnection Point(s) among the Shippers in accordance with the confirmed
nominations. Any difference between the aggregate quantity of gas nominated
and the aggregate quantity of gas actually delivered at the Interconnection
Point(s) on any given day by each Party shall constitute the Operational
Imbalance for each Party for that day (the "Daily Operational Imbalance").
2.2 During any given month, estimated meter quantities (mcf) shall be used
by each Party on a daily basis to determine the estimated Daily Operational
Imbalance, if any, at the Interconnection Point(s) for any given day. The
Parties shall promptly make such physical flow adjustments as may be
necessary in order to prevent, reduce or eliminate any Daily Operational
Imbalance. The daily variance in the estimated Daily Operational Imbalance
should not exceed five percent (5%) of the aggregate quantities nominated for
the day, nor two percent (2%) of the aggregate monthly quantities.
2.3 The sum of estimated Daily Operational Imbalances for each day in a
given month shall constitute the estimated Monthly Operational Imbalance for
such month. By the fifth day of the month following any given month in which
an estimated Monthly Operational Imbalance arises, the measuring Party, as
identified on Exhibit "A", will notify the other Party as to the estimated
Monthly Operational Imbalance for the prior month, and the Parties shall
promptly make such physical flow modifications as may be necessary to reduce
or eliminate any such Monthly Operational Imbalance.