GENERAL TERMS AND CONDITIONS OF SERVICE
(Continued)
16. BALANCING (Continued)
16.1 (Continued)
(b) Actual delivered quantity exceeds actual confirmed receipt
quantity (Continued)
If, at the end of the three (3) day period the difference
between the actual quantity received and the delivered
quantity is in excess of five (5) percent of the delivered
quantity or one thousand (1000) Dth, whichever is greater,
the excess quantity shall be subject to a penalty equal to
twice the rate for service under Rate Schedule ITS-1 as set
forth on effective Tariff Sheet No. 4. If the imbalance is
not corrected within forty-five (45) days of NBP's notice of
an imbalance, the imbalance shall be cashed-out at a premium
to the Cash Out Index Price as follows:
(i) Imbalance Cash Out Index Price
Percent Premium
--------- --------------------
0% - 5% 0%
> 5% - 10% 10%
>10% - 15% 15%
>15% - 20% 20%
>20% 25%
(ii) Shipper's final imbalance on any Agreement shall be
cashed out at a price calculated by multiplying the
final imbalance by the applicable rate as determined
above.
(iii)Cash out amounts received by NBP will be used to
offset any purchases of linepack necessitated by
Shipper's imbalance. Net cash will be credited to all
shippers in accordance with Paragraph 16.1(d).
In the event the operational integrity of NBP's system is
threatened, NBP may, without notice, adjust Shipper requests
for confirmation from receipt or delivery markets on NBP's
system. In addition, NBP may issue an Operational Flow Order
consistent with Paragraph 18 of these General Terms and
Conditions of Service, and Shipper will be subject to
tolerances and penalties as provided for in Paragraph 18.5.
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Issued by: John A Roscher, Director of Rates & Regulatory Affairs
Issued on: January 23, 2004 Effective on: August 12, 2002
Filed to comply with order of the Federal Energy Regulatory Commission, Docket
No. RP02-363, et al., issued December 24, 2003 |