| MIGC LLC |
|
Original Sheet No. 66A : Effective |
| FERC Gas Tariff |
|
|
| MIGC LLC |
TRANSPORTATION GENERAL TERMS AND CONDITIONS
(Continued)
Shippers involved within the thirty (30) day period provided for curing
cumulative imbalances, in order for such transactions to be considered by
MIGC in its determination of Cash Out calculation, as set forth below. After
receipt of an Imbalance Trade Confirmation, MIGC shall send an Imbalance
Trade Notification to the initiating trader and the confirming trader no later
than noon (central clock time) the next business day.
(c) The term "Cash Out" shall refer to the resolution of the cumulative
imbalance quantity by the procedures set forth in this Section 5.6(c)
pursuant to which a market index rate is multiplied by the cumulative imbalance
quantity to determine an amount payable either to MIGC or shipper to eliminate
the cumulative imbalance. If a Shipper's cumulative imbalance quantity remains
at or above five (5) percent by the end of the thirty (30) day period for
curing imbalances, Shipper shall be subject to the following Cash Out
provisions as to the entire remaining cumulative imbalance quantity, provided,
however, that cumulative imbalance volumes which have occurred at an
interconnection between MIGC's system and another interstate pipeline will not
be subject to these Cash Out provisions when it is determined by MIGC that
Shipper is not at fault for the imbalance.
(i) The cash out Index Price shall be the average of each Daily
Mid Point Price for Colorado Interstate Gas Company (North System) as
published by Gas Daily (Pasha Publications) for the month in which the
imbalance occurred.
(ii) Where the cumulative imbalance represents volumes owed to
MIGC, Shipper shall pay MIGC an amount equal to 110% of the Cash Out Index
Price times the cumulative imbalance quantity.
(iii) Where the cumulative imbalance represents volumes owed
Shipper by MIGC, MIGC shall pay Shipper any amount equal to 90% of the Cash
Out Index Price times the cumulative imbalance quantity.
(iv) Notwithstanding the above, should MIGC, at its discretion,
deliver or cause to be delivered volumes which would otherwise cause Shipper
to incur a Cash Out fee for non-conforming redeliveries, MIGC shall notify
Shipper, and such Cash Out fees will be reduced to the extent applicable.
Any resulting imbalances shall be made up on a mutually agreeable basis as
soon as possible.
(v) Payment of Cash Out amounts as determined above shall
resolve all cumulative imbalance quantities considered in such Cash Out
calculations.
| Issued by: |
| Issue date: |
|
Effective date: 08/01/08 |