High Island Offshore System, L.L.C.
Third Revised Volume No. 1
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Effective Date: 09/01/2006, Docket: RP06-244-001, Status: Effective
Substitute Fourth Revised Sheet No. 105 Substitute Fourth Revised Sheet No. 105 : Effective
Superseding: Third Revised Sheet No. 105
GENERAL TERMS AND CONDITIONS
deliveries to such Shipper if it determines that it may, by doing so,
achieve elimination of the variation.
8.2 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
HIOS at Receipt Points each day. HIOS has no obligation to deliver for
the account of a Shipper more volumes of gas than HIOS 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.
8.3 Monthly Cashout of Imbalances. At the end of each month HIOS shall
calculate the Company Use Variance and each Shipper's imbalance. HIOS
shall permit trading of imbalances and then cashout all remaining
imbalances using the methodology and prices included in this Section 8.
(a) Calculation of Shipper Imbalances. The calculation of the monthly
Shipper imbalances shall depend upon whether there is an
Operational Balancing Agreement in effect at the delivery
point(s). Where an Operational Balancing Agreement is in effect,
monthly Shipper imbalances under an Agreement shall be calculated
each Month by comparing the volumes scheduled for the Month to
actual receipts during that Month. Where an Operational
Balancing Agreement is not in effect, monthly imbalances under an
Agreement shall be calculated each Month by comparing actual
measured volumes delivered during the Month to actual net
measured volumes received (with the appropriate deduction for Gas
Unaccounted For during that Month on the basis of Equivalent
Volumes. Imbalances under all of a Shipper's service agreements
will be netted together and then allocated a Pro-Rata Share of
the CUV to calculate the Shipper's Total Monthly Imbalance
(b) Transportation Charges. Notwithstanding the foregoing, a
transportation charge under the applicable provision of Sheet No.
10 of this Tariff will be assessed for any positive Shipper
imbalance under each Agreement remaining at the end of a month.
(c) Imbalance Trading. The TMI calculated each month shall include
the calculation and derivation of the quantities associated with
the Shipper's imbalances, its allocated CUV, and its TMI.
Supporting workpapers shall be provided to Shippers upon request.
(i) Monthly Trading. To facilitate the trading or offsetting
of Shipper's TMI, HIOS will post on its Internet Website,
on or before the ninth business day of the month, the TMI
of any Shipper that has notified HIOS in writing that the
Shipper elects to have that information posted. Shippers
or their agents may then trade offsetting imbalances with
Shippers, HIOS or their agents until the close of business
on the seventeenth day of the month (Trading Period).
Parties that agree to trade all or part of an imbalance
must notify HIOS 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, HIOS will send an Imbalance Trade
Notification to the trading parties by noon (Central Clock
Time) the next business day. Any Shipper imbalance
remaining after the Trading Period will be cashed out as
described in Section 8.4.