Imbalance Penalties definition

Imbalance Penalties are fees, charges or penalties assessed against a Party by a Transporter as the result of under-deliveries or over-deliveries of Gas or a failure to adjust nominations or satisfy balancing or scheduling requirements in accordance with the Transporter’s tariff or its applicable terms.
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Imbalance Penalties. As defined in Section 9.3.
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Imbalance Penalties means, for Committed Gas delivered to each Delivery Point(s), any imbalance penalty charges assessed against Buyer or Seller by a Transporter pursuant to such Transporter's Tariff for Buyer's failure to take or Seller's failure to deliver Seller's Estimate for such Delivery Point(s), or Buyer's failure to submit a timely and accurate nomination to such Transporter.
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Examples of Imbalance Penalties in a sentence

  • If the contribution responsibility is allocated to an employer that does not pay, or that has to be pursued to pay, the regulation should make it clear that the plan is not required to allocate funds representing missed contributions to the person’s account until and unless the employer pays.

  • The Transmission Customer’s total quarterly credit for Imbalance Penalties will equal the sum of the credits received by that Transmission Customer during the hours in which it did not incur Imbalance Penalties, as determined pursuant to Section 7.5.1.2.

  • The Transmission Customer is entitled to apply the credits it receives pursuant to this Section for Imbalance Penalties to service it takes from the Transmission Provider, including service for its native load.

  • On each monthly invoice, each non-offending Transmission Customer shall receive a credit for its share of the Imbalance Penalties that were assessed in connection with service rendered by the Transmission Provider during the month to which the invoice applies.

  • Imbalance Penalties: The charges assessed by the Transmission Provider pursuant to subsections (ii) and (iii) of Schedule(s) 4 and/or 10 of this Tariff for a negative imbalance that is in excess of 100 percent of the published IntercontinentialExhange® Mid-C index price applicable to the hour in which the negative imbalance occurred are referred to as “Imbalance Penalties,” and therefore subject to distribution to all “non- offending” (or non-penalized) Transmission Customers.

  • Seller will be responsible for the fuel costs related to a Seller’s Gas Event which shall be calculated as the sum of the following three components: Seller’s Gas Cost, any Seller’s Imbalance Penalties, and any taxes.

  • In order to calculate your total household income, the income of everyone living together in your residence is required.

  • Southern Company Transmission Business Practices, Distribution of Imbalance Penalties, available atSouthern Company OASIS.

  • Section 2.17 does not require any minimum notice for interruption of an Interruptible transaction, except such notice as may be required to avoid the imposition of Imbalance Penalties.

  • Any imbalance gas being traded will still be deemed to be imbalance gas and will be subject to: 1) scheduling provisions in Section 14; 2) the priority of service provisions in Section 12; and 3) the penalty provisions in Section 15.15.10 Assessment of Shipper Imbalance Penalties.

Related to Imbalance Penalties

  • CAISO Penalties means any fees, liabilities, assessments, or similar charges assessed by the CAISO for (a) violation of the CAISO Tariff and all applicable protocols, WECC rules or CAISO operating instructions or orders or (b) as a result of Seller’s failure to follow Prudent Electrical Practices. “CAISO Penalties” do not include the costs and charges related to Scheduling and imbalances as addressed in Section 14.1 of this Agreement.

  • Statutory Penalties are those amounts awarded as a penalty, but are fixed in amount by statute.

  • PAGA Penalties means the total amount of PAGA civil penalties to be paid from the Gross Settlement Amount, allocated seventy-five percent (75%) to the LWDA and the twenty-five percent (25%) to the Aggrieved Employees in settlement of PAGA claims.

  • Imbalances means over-production or under-production or over-delivery or under-delivery with respect to Hydrocarbons produced from the Properties, regardless of whether the same arise at the wellhead, pipeline, gathering system, transportation system, processing plant, or any other location, including any imbalances under gas balancing or similar agreements, production handling agreements, processing agreements, and/or gathering or transportation agreements.

  • Imbalance Charges means any fees, penalties, costs or charges (in cash or in kind) assessed by a Transporter for failure to satisfy the Transporter's balance and/or nomination requirements.

  • Imbalance means the difference between Deliveries to KUB for a Customer and Redeliveries by KUB to the Customer.

  • Excess emissions - means an emission rate that exceeds any applicable emission limitation or standard allowed by any rule in Sections .0500, .0900, .1200, or .1400 of Subchapter 02D; or by a permit condition; or that exceeds an emission limit established in a permit issued under 15A NCAC 02Q .0700. (Note: Definitions of excess emissions under 02D .1110 and 02D .1111 shall apply where defined by rule.)

  • Material Gas Imbalance means, at any time, with respect to all Gas Balancing Agreements to which any Credit Party is a party or by which any Mineral Interest owned by any Credit Party is bound, a net gas imbalance at such time to all such Credit Parties in excess of, in the aggregate, three percent (3%) of the Borrowing Base then in effect.

  • Baseline actual emissions means the rate of emissions, in tons per year, of a regulated NSR pollutant, as determined in accordance with paragraphs (i) through (iv) of this definition.

  • Administrative penalty means a monetary fine imposed by the division for acts or

  • Imbalance Energy has the meaning set forth in the CAISO Tariff.

  • Health and Welfare Plans means any plan, fund or program which was established or is maintained for the purpose of providing for its participants or their beneficiaries, through the purchase of insurance or otherwise, medical (including PPO, EPO and HDHP coverages), dental, prescription, vision, short-term disability, long-term disability, life and AD&D, employee assistance, group legal services, wellness, cafeteria (including premium payment, health flexible spending account and dependent care flexible spending account components), travel reimbursement, transportation, or other benefits in the event of sickness, accident, disability, death or unemployment, or vacation benefits, apprenticeship or other training programs or day care centers, scholarship funds, or prepaid legal services, including any such plan, fund or program as defined in Section 3(1) of ERISA.

  • Allowable emissions means the emission rate of a stationary source calculated using both the maximum rated capacity of the source, unless the source is subject to federally enforceable limits which restrict the operating rate or hours of operation, and the most stringent of the following:

  • Chargeable Event means, in relation to the Awards:

  • Welfare Plans shall have the meaning set forth in Section 3.2.4.

  • Intra-Group Liabilities means the Liabilities owed by any member of the Group to any of the Intra-Group Lenders.

  • criminal tax matters means tax matters involving intentional conduct whether before or after the entry into force of this Agreement which is liable to prosecution under the criminal laws of the requesting Party;

  • Penalties means the amounts to be deducted from payments

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • Transaction Tax Deductions means any Tax deductions relating to (i) any pay down or satisfaction of Company Indebtedness or other Indebtedness, (ii) the payment or incurrence of any Transaction Expenses or Transaction Bonus Payments and (iii) any other deductible payments attributable to the Contemplated Transactions economically borne by the Seller. For this purpose, any success-based fees shall be treated as deductible in accordance with Rev. Proc. 2011-29.

  • Environmental, Health and Safety Liabilities means any cost, damages, expense, liability, obligation or other responsibility arising from or under Environmental Law or Occupational Safety and Health Law and consisting of or relating to:

  • Seller Taxes has the meaning set forth in Section 11.1(f).

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • Tax Liabilities means all liabilities for Taxes.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).