Alliance Trading Pool Account Imbalances Sample Clauses

Alliance Trading Pool Account Imbalances each day, the sum of a shipper’s energy receipts into the Alliance Trading Pool, plus or minus any difference between nominated and common stream operator-allocated energy, plus or minus any title transfers, minus deliveries out of the Alliance Trading Pool, should equal zero. Any surplus or deficit constitutes an Alliance Trading Pool imbalance. Each shipper shall ensure on a daily basis that its Alliance Trading Pool account is within the acceptable tolerance. Under normal operating conditions, for contracts with a term of thirty-five (35) months or more, the acceptable level of tolerance for account imbalances will be a maximum of 4% of daily contracted capacity on receipts and 1% on deliveries. For contracts with a term of less than thirty-five (35) months, the acceptable imbalance tolerance level will be a maximum of 500 GJ’s. Failure by a shipper to keep its Alliance Trading Pool account within the acceptable tolerance will result in park and loan tolls, balancing fees, or curtailment of service in accordance with Transporter’s tariff;
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Alliance Trading Pool Account Imbalances each day, the sum of a shipper’s energy receipts into the Alliance Trading Pool, plus or minus any difference between scheduled and common stream operator-allocated energy, plus or minus any title transfers, minus deliveries out of the Alliance Trading Pool, minus energy parked with or loaned from Transporter as part of Transporter’s term park and loan service, plus or minus variances created via scheduling confirmation cuts with respect to FFPS, FDS and FDS-IBR at the delivery point at the Canada-U.S. border, should equal zero. Any surplus or deficit constitutes an Alliance Trading Pool imbalance. Each shipper shall ensure on a daily basis that its Alliance Trading Pool account is within the acceptable tolerance. Under normal operating conditions, and unless otherwise determined by Transporter, for all transportation contracts, the acceptable level of tolerance for account imbalances will be a maximum of 4%. Failure by a shipper to keep its Alliance Trading Pool account within the acceptable tolerance on any given gas day, will result in balancing fees at the higher of: (a) $0.16/GJ per day; or (b) the highest term park and loan fee last awarded by Transporter. Alternatively, imbalances may result in Transporter’s adjustment of a shipper’s nomination in accordance with Transporter’s tariff. Term Park and Loan (TPAL) – subject to Transporter’s then prevailing pipeline operational conditions and the availability, in Transporter’s sole discretion, of park and loan capacity, shippers may enter into a Term Park and Loan (TPAL) agreement for a fixed term to facilitate the management by FRS Xxxx 0, XXX Xxxx 0, XXXX Xxxx 1, FFPS Zone 2, FDS, and FDS-IBR shippers of their Alliance Trading Pool account imbalances. TPAL is a biddable service with a floor toll of $0.00/GJ/day and a ceiling of $0.54/GJ/day. If a shipper fails to bring its cumulative Alliance Trading Pool imbalance to within its acceptable imbalance tolerance within five (5) gas days, the difference between the cumulative Alliance Trading Pool imbalance and its imbalance tolerance will be subject to a monetary settlement of any quantities of energy owed to or from Transporter (“Cash Out”), calculated as a percentage of the NGX AB-NIT index price, as follows, or if such NGX AB-NIT index price ceases to be available or is reasonably judged by Transporter to no longer represent a reasonable measure for use in calculation of Balancing Fees in accordance with this provision, then such replacement index as r...
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Related to Alliance Trading Pool Account Imbalances

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