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2001-047-ORD AFTER REASONABLE NOTICE AND HEARING, TXU GAS DISTRIBUTION'S RATES AND CHARGES WITH COP SHOULD BE CHANGED
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2001-047-ORD AFTER REASONABLE NOTICE AND HEARING, TXU GAS DISTRIBUTION'S RATES AND CHARGES WITH COP SHOULD BE CHANGED
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8/18/2006 4:36:50 PM
Creation date
9/6/2001 3:32:24 PM
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CITY CLERK
Doc Name
2001
Doc Type
Ordinance
CITY CLERK - Date
8/13/2001
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<br />i) if the imbalance is greater than 0%, but 5% or less, of the tOlal gas volumes delivered to Customer at the <br />Oelivery Point during such month, Customer will sell to TXUGO and TXUGO will purchase from <br />Customer the decathenns of such monthly imbalance for a sum of money determined by the product of (Al <br />the lesser of the lowest price paid for gas by TXUGO during that monthly period or the lowest daily <br />Houston Ship Channel price during that monthly period, as reponed in the publication Gas Daily, <br />multiplied by (B) the number of decatherms in such monthly imbalance. thereby elinUnating such monthly <br />imbalance; <br /> <br />ii) if the imbalance is greater than 5%, but 10% or less, of the total gas volumes delivered 10 Customer at <br />the Delivery Point during such month, Customer will sell 10 TXUGD and TXUGO will purchase from <br />Customer the decatherms of such monthly imbalance for a sum of money determined by the producl of (Al <br />the lesser of the lowest price paid for gas by TXUGD during that monlhly period or 80% of the lowest <br />daily Houston Ship Channel price during that monthly period, as reponed in the publication Gas Daily, <br />multiplied by (B) the number of decathenns in such monthly imbalance, thereby elinUnaling suchmonlhly <br />imbalance; <br /> <br />Hi) if the imbalance is greater than 10%. bul 15% or less, of the total gas volumes delivered to Customer <br />al the Delivery Poinl during such month, Customer will sell 10 TXUGO and TXUGO will purchase from <br />Customer the decatherms of such monthly imbalance for a sum of money determined by the product of (A) <br />the lesser of the lowest price paid for gas by TXUGO during thaI monthly period or 70% of the 10weSl <br />daily Houston Ship Channel price during that monthly period. as reported in the publication Gas Daily, <br />multiplied by (B) the number of decathenns in such monthly imbalance, thereby elimina~ing suchmonthly <br />imbalance; <br /> <br />iv) if the imbalance is greater than 15%, bUI 20% or less, of the tOlal gas volumes delivered 10 Customer at <br />the Delivery Poinl during such month, Customer will sell to TXUGO and TXUGO will pttrChase from <br />Customer the decathenns of such monthly imbalance for a sum of money detennined by the product of (A) <br />the lesser of the lowest price paid for gas by TICUGO during that monthly period or 60% of the lowest <br />daily Houston Ship Channel price during that monthly period, as reponed in the publication Gas Daily, <br />multiplied by (B) the number of decatherms in such monthly imbalance, thereby elinUnaling suchmonlhly <br />imbalance; and <br /> <br />v) if the imbalance is greater than 20% of the total gasvolumes delivered to Customer at the Delivery <br />Point during such month, Customer will sell to TXUGO and TXUGO will purchase from Customer the <br />decatherms of such monthly imbalance for a sum of money deternUned by the product of (A) the lesser of <br />the lowest price paid for gas by TXUGDduring thaI monlhly period or 50% of the lowest daily Houston <br />Ship Channel price during that monthly period, as reponed in the publication Gas Daily, multiplied by (B) <br />the number of decatherms in such monthly imbalance, thereby eliminaling such monthly imbalance. <br /> <br />(c) To the extent Customer does not avoid a monthly volume imbalance [as described in paragraph 13(a) above], <br />and Customer's deliveries to TXUGO at the Receipt Point(s) during such monthly period are less than the <br />transportation quantities deliveredby TXUGO to Customer at the Delivery Point during said monthly period ("under <br />deliveries by Customercreating an imbalance 'due' TXUGO"): <br /> <br />i) if the imbalance is greater than 0%, but 5% or less, of the total gas volumes delivered Customer at the <br />Delivery Point during such monlh, Cuslomer will purchase such imbalance gas volumes from TXUGD, and <br />TXUGO will have the right to collect from Customer, a sum of money delernUned by the product of (A) <br />thegreater of the highest price paid for gas by TXUGO during that monthly period or 100% of the highest <br />daily Houston Ship Channel price during that monlhly period, as reponed in the publication Gas Daily, <br />multiplied by (B) the number of decatherms in such monthly imbalance, thereby elinUnating such monthly <br />imbalance; <br /> <br />ii) if the imbalance is greater than 5%, but 10% or less, of the tOlal gas volumes delivered to Customer at <br />the Delivery Point during such month, CuSlomer will purchase such imbalance gas volumes from TXUGO, <br />and TXUGO will have the right to collect from Customer, a sum of money detennined by the product of <br />(A) the greater of the highest price paid for gas by TXUGO during that monthly period or 125% of the <br />highest daily Houslon Ship Channel price during that monthly period. as reported in the publication Gas <br />Daily. multiplied by (B) the number of decathenns in such monthly imbalance, thereby elinUnating such <br />monthly imbalance; <br /> <br />6 <br /> <br />Rev OS/25/01 Attach. to Rate Sch. 4221 <br /> <br />21 <br />
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