Operational Balancing Account definition

Operational Balancing Account means an account between adjacent transmission system operators, to be used to manage steering differences at an interconnection point in order to simplify gas accounting for network users involved at the interconnection point;

Operational Balancing Account means an account between the Parties, to be used to manage steering differences at the IP and which will be operated in accordance with [Allocation Section].

Operational Balancing Account or “OBA” shall mean an account, to be used to manage steering differences between the TARGETED VALUE for the GCP and the actual GAS FLOW at the GCP in order to simplify gas accounting for Shippers involved at the GCP.

Examples of Operational Balancing Account in a sentence

• The Parties agree to the establishment and operation of an Operational Balancing Account at the Interconnection Point.

• Current arrangements in respect of IPs are that User Agents submit allocations to National Grid NTS on behalf of NTS Users for both entry and exit which, in aggregate, equal the measured gas flow4.Within the INT Code, the default allocation rule is for the Adjacent TSOs to allocate gas to Users equal to their Nominated Quantities (commonly referred to as ‘allocate as nominate’) with the Steering Difference allocated to an Operational Balancing Account (OBA) between them.

• The Parties agree to the establishment and operation of an Operational Balancing Account at the Entry Point.

• For so long as the OBA Balance is less than Max OBA, the Allocated Quantities will be equal to that Shipper's daily Confirmed Quantities, while the Daily Unbalanced Quantity will be allocated to the Operational Balancing Account held between the Parties.

• The Company shall establish in the Aggregated Transportation Service agreement such standards of performance for the Pool Manager as are reasonably required to assure reliable service to the Customer Pool, and to ensure appropriate disposition of Operational Balancing Account transactions.

• All penalties, net of payments to third parties, collected by the Company related to the operational control of the system as identified in Section XIV, shall be allocated to Customers, Customer’s Agents or the Pool Manager through the Operational Balancing Account clause in the Company’s tariff.

• For so long as the OBA Balance is less than Max OBA, the Allocated Quantities will be equal to Xxxxxxx's daily Confirmed Quantities, while the Daily Unbalanced Quantity will be allocated to the Operational Balancing Account held between the Parties.

• Imbalance resolution charges billed by Transporter to the Company, acting as Delivery Point Operator, shall be directly assigned or allocated on a pro-rata basis to Customers or the Pool Manager through the Company’s Operational Balancing Account mechanism.

• If the operation of the Operational Balancing Account is suspended, then the Parties will meet to discuss and agree a protocol (which may include the transfer of Natural Gas between the Parties to reduce the OBA Balance) and timeline for the resumption of the Operational Balancing Account and the end of the proportional allocation regime set out in Article 4.

• This issue should be addressed in Phase 2 of this proceeding.In comments, the Settling Parties note that the Commission, in D.13-03-017, previously authorized PG&E to record GHG compliance costs associated with its compressor stations in its Gas Operational Balancing Account, or GOBA.

More Definitions of Operational Balancing Account

Operational Balancing Account means an arrangement (forming part of the Interconnection Agreement) between National Grid NTS and the Adjacent TSO pursuant to which (except on Non-OBA Days) Steering Differences are managed operationally between the TSOs and the quantity of gas comprising the Cumulative Steering Difference is treated as borrowed by one TSO from the other TSO;

Operational Balancing Account or “OBA” means the account between the Matching Operator and Initiating Operator, to be used to manage Steering Differences at the Entry Point in order to simplify gas accounting for Shippers involved at the Entry Point, in accordance to Article 4

Operational Balancing Account means an account between two adjacent TSOs, to be used to manage steering differences at an IP in order to facilitate the allocation of gas to Network Users in accordance with Confirmed Quantities