Balancing Account definition

Balancing Account means the gas balance held by DTE for Customer or owed by Customer to DTE under this Contract and shall equal the quantity of Gas received by DTE for Customer’s account at the Receipt Point minus the quantity of gas delivered to Customer by DTE at the Delivery Point.

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Balancing Account means the gas balance held by Enbridge for Shipper, or owed by Shipper to Enbridge, at any or all points on the Service Hub, and shall equal the quantity of gas received by Enbridge for Shipper's account minus the quantity of gas delivered to Shipper by Enbridge at that point. Where the Balancing Account is zero or a positive number, Enbridge is deemed to be providing a Parking Service for Shipper; and, where the Balancing Account is a negative number, Enbridge is deemed to be providing a Loan Service for Shipper;

Balancing Account means the Gas balance held by Transporter for Shipper or owed by Shipper to Transporter under an Interruptible Balancing Service Agreement or an Hourly Balancing Service Agreement and shall equal the cumulative quantity of Gas received by Transporter for Shipper’s account at the Receipt Point minus the cumulative quantity of Gas delivered to Shipper by Transporter at the Delivery Point.

Examples of Balancing Account in a sentence

In the event that this Contract is terminated, the balance in the Producer Balancing Account shall be zero (0) on the effective date of termination.
All costs that the Company pays to the District pursuant to this Agreement shall be considered purchased water costs that are a pass-through to customers to be recovered via the Modified Cost Balancing Account (“MCBA”) mechanism.
The second component shall be based on the proceeds of the Transmission Revenue Balancing Account (TRBA) which shall be designed to flow through to the Participating TO's Transmission Revenue Credits, which are calculated in accordance with Section 5 of the TO Tariff.
ISSUE: In its Application, San ▇▇▇▇▇▇▇ sought authority to amortize over an appropriate period, the balances in the following balancing and memorandum accounts as of the date of the decision in this proceeding: Water Supply Cost Balancing Account, Power Supply Cost Balancing Account, Water Quality Litigation Memorandum Account (“WQLMA”), Water Revenue Adjustment Mechanism (“WRAM”), and California Alternative Rates for Water (“CARW”) Balancing Account.
This allocation procedure shall be based on the Operation Balancing Account (OBA), specified below.

More Definitions of Balancing Account

Balancing Account means the regulated accounts where certain deferred debits or credits arising out of the operation of this Agreement and the Brooklyn Union Rate Plan or the LILCO Gas Rate Plan will be recorded. The Balancing Account for Brooklyn Union is referred to in this Agreement as the "Brooklyn Union Balancing Account," and the Balancing Account for LILCO is referred to herein as the "LILCO Gas Balancing Account."¶

Balancing Account or “BA” means an account maintained by BPA comprised of amounts, if any, carried over from Contract No. DE-MS79- 81BP90607, by and between PacifiCorp and BPA, and Contract No. 08PB-11970 by and between PacifiCorp and BPA, plus any additional amounts accrued pursuant to section 12 of this Agreement.

Balancing Account or “BA” means an account maintained by BPA comprised of amounts, if any, carried over from Contract No. «____________», by and between «Customer Name» and BPA,[Drafter’s Note: For Long-Term RPSA, inset this additional language with the Bridge RPSA contract number: and Contract No. 08PB‑«#####» by and between «Customer Name» and BPA], plus any additional amounts accrued pursuant to section 12 of this Agreement.

Balancing Account means the gas balance held by Union for Shipper, or owed by Shipper to Union, at any or all points on the Service Hub, and shall equal the quantity of gas received by Union for Shipper's account minus the quantity of gas delivered to Shipper by Union at that point. Where the Balancing Account is zero or a positive number, Union is deemed to be providing a Parking Service for Shipper; and, where the Balancing Account is a negative number, Union is deemed to be providing a Loan Service for Shipper;

Balancing Account means an account established at NCPA pursuant to this Agreement. The Balancing Account is established to: (1) make timely payments to the CAISO under the MSSA Agreement and CAISO Tariff, and protect NCPA from potential Participant default by providing funds and time to cure, (2) provide working capital for NCPA’s provision of Scheduling Coordination Services and to bridge timing differences between the receipt of payments from Participants and the date payments are due to the CAISO, (3) satisfy CAISO security deposit requirements, and (4) provide security against Participant default.

Balancing Account means the Quantity of Gas, expressed in dekatherms, held by Southwest for Shipper or owed by Shipper to Southwest, provided that the Balancing Account shall never exceed Shipper’s Maximum Park Quantity or Shipper’s Maximum Loan Quantity, as specified in Shippers Balancing Service Agreement.

Balancing Account means the Seller’s purchased water balancing account and purchased power balance accounts both approved by the Commission established to track sales and revenues against authorized revenues.