Imbalance Volumes definition

Imbalance Volumes means those wellhead, pipeline, gathering system, transportation system, and processing plant over-delivery or under-delivery Hydrocarbon imbalance volumes between the amount of Hydrocarbons produced from or allocated to the Assets, regardless of whether such over-production, under-production, over-delivery, under-delivery, or similar imbalance arises at the wellhead, pipeline, gathering system, transportation system, processing plant or other location, including any imbalances under gas balancing or similar agreements, imbalances under processing agreements, and imbalances under gathering or transportation agreements.
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Imbalance Volumes has the meaning given to it in Section 5.4(h).
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Imbalance Volumes means any well imbalance volumes at the wellhead between the amount of Hydrocarbons produced from a Well and allocable to Seller’s interest and the shares of production from the relevant Well to which Seller is entitled as adjusted by any setoffs that Seller may be entitled to under the terms of the gas purchase contracts and agency agreements related to the applicable pipeline.
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Examples of Imbalance Volumes in a sentence

  • The purpose of this Statement is to set out the information on Applicable Balancing Services that will be taken into account under the Balancing and Settlement Code for the purposes of determining Imbalance Volumes.

  • All Imbalance Volumes generated after the Effective Time will be the responsibility of Buyer.

  • The remedy for Incidental Deviations will be adjustment through Imbalance Volumes scheduled as provided in Section 2.5(C).

  • System / ProcessPotential Impact of Proposed ModificationInterconnector AdministratorThe Interconnector Administrator’s systems and processes will need to be changed to accommodate the additional BM Units.Interconnector Error AdministratorThe Interconnector Error Administrator currently separates any Energy Imbalance Volumes across the Trading Parties that use the Interconnector.

  • Charges for Negative Imbalance Volumes attributable to the Customer’s failure to comply with operational flow orders will be based on the OFO provisions of Section 12 of this Operating Statement.

  • Unless otherwise agreed, East Ohio will purchase Customer’s Positive Imbalance Volumes at a rate determined by adding the current month’s Positive Imbalance Volume reference gas cost, the minimum of the daily prices for Eastern Gas, South during the month as published in Gas Daily (S&P Global Platts), or an appropriate successor index should it cease to be published, times eighty percent (80%), plus the variable transportation charges paid to bring the gas to East Ohio’s system, adjusted for shrinkage.

  • If the Customer’s Negative Imbalance Volumes exceed 25% of all daily volumes delivered to the Customer over two or more consecutive months, East Ohio may at its sole discretion in a not unduly discriminatory manner in accordance with reasonable and standard industry practice, terminate the contract for transportation service upon thirty (30) days written notice to the Customer.

  • Positive and Negative Imbalance Volumes will be reconciled pursuant to Sections 5 and 6 of East Ohio's General Terms and Conditions of Transportation Service.

  • Peaking Service Demand charges reflect Northern’s peaking resources and associated costs.Northern proposes to increase the Supplier Balancing Charge from $0.70 per MMBtu to $0.75 per MMBtu of Daily Imbalance Volumes and the Peaking Service Demand Charge from $17.07 per MMBtu of Peak MDQ to $18.00 per MMBtu of Peak MDQ.

  • To Seller’s Knowledge, Schedule ‎3.14 sets forth all Imbalance Volumes associated with the Properties as of the Effective Time.


More Definitions of Imbalance Volumes

Imbalance Volumes has the meaning assigned to such term in Section 7.16(a).
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Related to Imbalance Volumes

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

  • Runoff volume means the volume of water that runs off the land development project from a prescribed storm event.

  • Service Volume means a measure of Services for which a Performance Target is set.

  • Meet-Point Billing (MPB means the billing associated with interconnection of facilities between two (2) or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • 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 means the amount of energy in MWh, in any given Settlement Period or Settlement Interval, by which the amount of Facility Energy deviates from the amount of Scheduled Energy.

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • Meet-Point Billing (MPB) refers to the billing associated with interconnection of facilities between two or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • Delivery Point means the point(s) of connection(s) at which energy is delivered into the Grid System i.e. the Interconnection Point.

  • Product Group or “the Group” means a group of lotteries that has joined together to offer a product pursuant to the terms of the Multi-State Lottery Agreement and the Product Group’s own rules.

  • Crude Oil means any liquid hydrocarbon mixture occurring naturally in the earth whether or not treated to render it suitable for transportation and includes:

  • Total hydrocarbons (THC) means the sum of all volatile compounds measurable by a flame ionization detector (FID).

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Delivery Points means: (i) for natural gas transported by interstate pipelines, the city gate stations of your Utility, and (ii) for electricity, one or more points at which Company, as your agent, has arranged for the delivery of electricity to a third party (such as your Utility) for your account or at your premises.

  • Meet Point A point, designated by the Parties, at which one Party’s responsibility for service begins and the other Party’s responsibility ends.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • INTER-CONNECTION POINT/ DELIVERY/ METERING POINT means a single point at 220kV or above, where the power from the Project(s) is injected into the identified ISTS Substation (including the dedicated transmission line connecting the Projects with the substation system) as specified in the RfS document. Metering shall be done at this interconnection point where the power is injected into. For interconnection with grid and metering, the WPDs shall abide by the relevant CERC/ SERC Regulations, Grid Code and Central Electricity Authority (Installation and Operation of Meters) Regulations, 2006 as amended and revised from time to time.

  • Supply Point means the point of connection between the licensed network and your apparatus or equipment.

  • Receipt Point means the receipt/inception point(s) where Crude Oil is received into the Gathering System, as such points are specified in Section II of this tariff.

  • Material Gas Imbalance means, with respect to all Gas Balancing Agreements to which the Borrower or any other Credit Party is a party or by which any Oil and Gas Property owned by the Borrower or another Credit Party is bound, a net overproduced gas imbalance to the Borrower and the other Credit Parties, taken as a whole, in excess of 110,000 Mcf.

  • Throughput means the measure of production, or factor related to production, used to determine the relationship between the amount of energy used by the target unit and the levels of activity of the target unit, as set out in Schedule 6 to an underlying agreement; “the Tribunal” means the First-tier Tribunal established under the Xxxxxxxx Xxxxxx xxx Xxxxxxxxxxx Xxx 00000;

  • Measurement Point means the emission source for which continuous emission measurement systems (CEMS) are used for emission measurement, or the cross-section of a pipeline system for which the CO2 flow is determined using continuous measurement systems;

  • Fuel oil means heavy distillates or residues from crude oil or blends of such materials intended for use as a fuel for the production of heat or power of a quality equivalent to the “American Society for Testing and Materials’ Specification for Number Four Fuel Oil (Designation D 396-69)”, or heavier.

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.