Tariff
TWP Pipeline LLC
FERC GAS TARIFF
SECOND REVISED VOLUME NO. 1
SECTION 7.13
IMBALANCES AND OVERRUNS
VERSION 3.0.0
GENERAL TERMS AND CONDITIONS7.13. IMBALANCES AND OVERRUNS 7.13.1. Responsibility for Balancing – Shippers are obligated to deliver and receive Gas in conformance with their confirmed nominations. Transporter will enter into an Operational Balancing Agreements ("OBA"), at all points of interconnection between its system and the system of another interstate or intrastate pipeline. If an OBA is not in place or the imbalance is beyond the terms of the OBA, Shippers are responsible for conforming their takes at Delivery Points with their deliveries to Transporter at Receipt Points each day. Transporter has no obligation to deliver for the account of a Shipper more volumes of Gas than Transporter 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. 7.13.2. Monthly Imbalances – Where Shipper has created a monthly imbalance on Transporter's pipeline that has not been eliminated through netting and trading, Shipper shall pay Transporter a Monthly Imbalance Charge in the following amounts: 1. Normal Operating Conditions – For monthly imbalances accumulated during normal operating conditions, Shipper's Monthly Imbalance Charge shall equal zero for monthly imbalances between zero and 5 percent, and $0.10 per MMBtu for imbalances in excess of 5 percent. For purposes of this section, Shipper's actual cumulative receipts during normal operating conditions shall be stated as a percent of actual cumulative deliveries during normal operating conditions during the billing month. 2. OFO Operating Conditions – For monthly imbalances accumulated during periods when an OFO pursuant to Section 7.11 is in effect, Shipper's Monthly Imbalance Charge on monthly imbalances shall be as set forth in the applicable bracket: Monthly Imbalance Imbalance Charge per MMBtu >5% - 7% $25 plus the Daily Index Price >7% - 15% $50 plus the Daily Index Price >15% $100 plus the Daily Index Price For purposes of this section, Shipper's monthly imbalance shall equal the differences between Shipper's actual cumulative receipts during OFO operating conditions and Shipper's actual cumulative deliveries during OFO operating conditions stated as a percent of Shipper's actual cumulative deliveries during OFO operating condition during the billing month. For purposes of this section, the Daily Index Price shall equal the high in the range of prices reported each day for Columbia Gas Transmission LLC - Appalachia published by Gas Daily. If Gas Daily is no longer published, an equivalent index or indicator shall be published on Transporter's Website and this definition will be revised.