Negative Imbalance definition

Negative Imbalance means an imbalance, whether Daily or Monthly, where the Company has delivered more Gas to a Shipper than the Company has received, less Gas in Kind, on that Shipper's behalf. When expressed as a percentage, the imbalance is divided by gas received by the Company, less Gas in Kind, on the Shipper's behalf.
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Negative Imbalance means when a Shipper’s Daily Imbalance is negative (when a Shipper's Consumed Quality of gas is greater than the Confirmed Quantity of gas on a Day).
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Negative Imbalance has the meaning given in Section E paragraph 2.6 of the IUK Access Code;
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Examples of Negative Imbalance in a sentence

  • In the event that Delivered Energy for any CAISO settlement interval is less than Scheduled Energy for such CAISO settlement interval, Buyer shall have no payment obligation in respect of the Negative Imbalance Energy.

  • Customers with a Negative Imbalance on any Long Critical Day will not incur the daily $0.10 per therm ($1.00 per Dth) under delivery charge.

  • Customers with a Positive or Negative Imbalance, after adjustment for optional balancing service, shall be subject to an additional charge at the rate of $0.01 per therm ($0.10 per Dth) up to 30% of net receipts.

  • For each CAISO settlement time interval in any month in which there is Negative Imbalance Energy, the Imbalance Price shall be the 10-Minute Settlement Interval Average Price as published by the CAISO with respect to negative uninstructed imbalance energy charges for the applicable time interval and zone.

  • Where IUK receives payment of the Negative Balancing Charge from the IAA Shipper, the IAA Shipper’s Negative Imbalance shall be reduced or extinguished by the Negative Imbalance used in the calculation of the Balancing Charge.


More Definitions of Negative Imbalance

Negative Imbalance means in respect of a Gas Flow Day, where a Shipper’s Aggregate NI Entry Allocation is less than its’ Aggregate NI Exit Allocation;
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Negative Imbalance shall have the meaning set forth for such term in Article IV.
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Negative Imbalance means deliveries of gas in excess of
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Negative Imbalance has the meaning given in Section E paragraph 2.6 of the IUK Access Code; “Negative Imbalance Daily Gas Price” means the price (p/kWh) calculated as the lesser of:
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Negative Imbalance has the meaning set forth in Section 2.4 of this Exhibit “A.”
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Negative Imbalance means the occurrence of the event where the shipping licensee off-takes more quantity of gas that what is injects in the distribution pipeline during a Day;
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Negative Imbalance means, respectively as to each Property Subdivision to which the Subject Interests are attributable and without duplication, the sum (expressed in MMBtus) of (i) the aggregate make-up, prepaid or other volumes of natural gas that Seller was obligated as of the Effective Time, on account of prepayment, advance payment, take-or-pay, gas balancing or similar obligations, to deliver from the Subject Interests attributable to such Property Subdivision after the Effective Time without then or thereafter being entitled to receive full payment therefor (proportionately reduced to the extent Seller will be entitled to receive partial payment therefor) and (ii) the aggregate pipeline or processing plant imbalances or overdeliveries for which Seller is obligated to pay or deliver natural gas or cash as of the Effective Time to any pipeline, gatherer, transporter, processor, co-owner or purchaser in connection with any other natural gas attributable to the Subject Interests.
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