Midcoast Interstate Transmission, Inc.
Second Revised Volume No. 1
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Effective Date: 10/01/1997, Docket: GT97- 71-000, Status: Effective
First Revised Sheet No. 229 First Revised Sheet No. 229 : Effective
Superseding: ORIGINAL SHEET NO. 229
OPERATIONAL BALANCING AGREEMENT (continued)
(For Use at Points of Delivery)
Transporter for purposes of adjustments under this Section on
a daily basis during the month to determine the estimated
Operational Imbalance at all of the Delivery Point(s).
Transporter shall make the estimated Daily and Monthly
Operational Imbalance at each Delivery Point available to the
OBA Party no later than the second business day after each
day. Adjustments in nominations and actual deliveries will be
made by the OBA Party during the month so as to adequately
control imbalance levels. If the OBA Party fails to take such
corrective actions, Transporter in its sole discretion may,
upon 48 hours' notice, adjust the nominations and actual
deliveries during the remainder of the calendar month to
adequately control imbalance levels. Any such adjustments
shall be incorporated in the daily nominations confirmed
between Transporter and the OBA Party.
2.3 Corrections In Subsequent Periods - As soon as practicable
following the close of each month, Transporter will send the
OBA Party a statement setting forth the Operational Imbalance
existing at the end of the prior month. Any Monthly
Operational Imbalance shall be corrected in cash in accordance
with Section 3.7(d) of the General Terms and Conditions
specified in Transporter's FERC Gas Tariff, unless the parties
mutually agree otherwise.
2.4 Measurement of Operational Imbalance - Any gas received or
delivered pursuant to this Agreement to correct any
Operational Imbalance shall be adjusted for variation in Btu
content. Measurement of gas for all purposes shall be in
accordance with Transporter's FERC Gas Tariff.
2.5 Operational Integrity - Nothing in this Article II shall limit
Transporter's right to take action as may be required to
adjust deliveries of gas in order to alleviate conditions
which threaten the operational integrity of its system.