Imbalance Penalty definition

Imbalance Penalty means all daily imbalances that exceed twenty percent (20%) of MDQ under Rate Schedule TR-1, TR-2 or TR-3. Where an IBR is in effect that reduces the DBT in one direction, the Imbalance Penalty shall also mean that gas received by the Company on Shipper's behalf or gas delivered by the Company to Shipper, where applicable, in excess of the reduced DBT.
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Examples of Imbalance Penalty in a sentence

  • The Nomination Imbalance Penalty will not apply to imbalance nominations or if the customer is complying with an OFO.

  • All imbalance Dth that exceed twenty percent (20%) of contract MDQ or that exceed DBT in the direction restricted by an effective IBR Notice are subject to an Imbalance Penalty.

  • The restricted DBT percentage times the lesser of nomination or MDQ.Imbalances that are restricted by an IBR Notice are subject to the Imbalance Penalty, applied to all Dth of imbalance that exceed the DBT for each day that the IBR Notice is in effect, in lieu of the Excess Balancing Charge when:A.

  • The Volume Imbalance Penalty shall be the product obtained by multiplying the absolute amount of the Imbalances in excess of the stated tolerance level on each Day in the Month, by ten times the Daily Demand Charge for the Month.

  • Nomination Imbalance Penalty Subject to the exceptions noted below, any delivery of gas by an MT customer to the Company above or below the estimated daily usage, as explained in the “Nominations” paragraph for MT service, will be assessed the penalty as provided for in the “Daily Imbalances” paragraph of § 5.09.

  • Positive daily imbalances (packing) will be allowed during a Hold Burn to Scheduled Quantity restriction and the Daily Imbalance Penalty in § 5.06 (3) will not apply to such imbalances.

  • Credit to Transmission Customers for Imbalance Penalty ChargesFor any month for which the Transmission Provider collects any charge for a negative deviation where such charge is greater than the Hourly Pricing Proxy, the Transmission Provider shall credit to Qualified Transmission Customers for such month the amount(s) by which such charge(s) exceeded the Hourly Pricing Proxy, provided that the credit to any such Qualified Transmission Customer for such month is greater than $100.00.

  • Pipeline overrun charges and penalties assessed to customers are in addition to the Imbalance Penalty.All Imbalance Penalty and overrun charge recoveries will be credited to the Cost of Gas Sold under Rule C7.2.Continued On Sheet No E-15.00Issued January 7, 2011 Effective for service rendered onMichael V.

  • Pipeline penalties assessed to customers are in addition to the Imbalance Penalty.All Imbalance Penalty recoveries will be credited to the Cost of Gas Sold under Rule C7.2.Continued On Sheet No E-15.00Issued January 14, 2008 by Effective for service rendered on Eugene N.

  • Positive daily imbalances (packing) will be allowed during a Hold Burn to Scheduled Quantity restriction and the Daily Imbalance Penalty in § 5.08 (3) will not apply to such imbalances.

Related to Imbalance Penalty

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

  • 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.

  • 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.

  • Vapor balance system means a combination of pipes or hoses which create a closed system between the vapor spaces of an unloading tank and a receiving tank such that vapors displaced from the receiving tank are transferred to the tank being unloaded.

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

  • 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.)

  • Multi-employer Plan means a "multi-employer plan" as defined in Section 4001(a)(3) of ERISA which is or was at any time during the current year or the immediately preceding six (6) years contributed to by the Borrower or any ERISA Affiliate.

  • Scheduled Commissioning Date or “SCD” of the Project shall mean [Insert Date];

  • EPP test Means one EPP command sent to a particular “IP address” for one of the EPP servers. Query and transform commands, with the exception of “create”, shall be about existing objects in the Registry System. The response shall include appropriate data from the Registry System. The possible results to an EPP test are: a number in milliseconds corresponding to the “EPP command RTT” or undefined/unanswered.

  • Excess Contribution means a contribution that exceeds the

  • Reduced leave schedule means a leave schedule that reduces the usual number of hours per workweek, or hours per workday, of an employee.

  • Excess valuation assets for a valuation period means, with

  • Covered contract means a DoD prime contract for an amount exceeding the simplified acquisition threshold, except for a fixed-price contract without cost incentives. The term also includes a subcontract for an amount exceeding the simplified acquisition threshold, except for a fixed-price subcontract without cost incentives under such a prime contract.

  • Compliance Aggregation Area or “CAA” shall mean a geographic area of Zones or sub-Zones that are electrically-contiguous and experience for the relevant Delivery Year, based on Resource Clearing Prices of, for Delivery Years through May 31, 2018, Annual Resources and for the 2018/2019 Delivery Year and subsequent Delivery Years, Capacity Performance Resources, the same locational price separation in the Base Residual Auction, the same locational price separation in the First Incremental Auction, the same locational price separation in the Second Incremental Auction, or the same locational price separation in the Third Incremental Auction.

  • Company ERISA Affiliate means all employers (whether or not incorporated) that would be treated together with the Company or any of its Subsidiaries as a “single employer” within the meaning of Section 414 of the Code.

  • Unfunded Benefit Liabilities means, with respect to any ERISA Plan at any time, the amount (if any) by which (i) the present value of all accrued benefits calculated on an accumulated benefit obligation basis and based upon the actuarial assumptions used for accounting purposes (i.e., those determined in accordance with FASB statement No. 35 and used in preparing the ERISA Plan’s financial statements) exceeds (ii) the fair market value of all ERISA Plan assets allocable to such benefits, determined as of the then most recent actuarial valuation report for such ERISA Plan.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Excess Collections shall have the meaning specified in Section 2.8(a)(xv) of the Indenture.

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • Required Aggregation Group means: (i) each qualified plan of the Employer in which at least one Key Employee participates at any time during the Determination Period; and (ii) any other qualified plan of the Employer which enables a plan described in clause (i) to meet the requirements of Code Section 401(a)(4) or of Code Section 410.

  • 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.

  • Aggregation Group means either a Required Aggregation Group or a Permissive Aggregation Group as hereinafter determined.

  • Reserve Penalty Factor means the cost, in $/MWh, associated with being unable to meet a specific reserve requirement in a Reserve Zone or Reserve Sub-zone. A Reserve Penalty Factor will be defined for each reserve requirement in a Reserve Zone or Reserve Sub-zone.