Citing continued extremely cold temperatures in its market area, Tennessee said an OFO Balancing Alert would take effect at 9 p.m. CST Wednesday until further notice for all LMS-MA balancing parties with meters located in Zones 5 and 6 (including the 200 and 300 lines). "These Balancing Party Contracts are required to maintain an actual daily flow that does not exceed the greater of 500 [dekatherms] or 2% of scheduled quantities," the bulletin board posting said. A penalty of $15 "plus the applicable Regional Daily Spot price" per dekatherm will be assessed on imbalances in excess of the tolerance level.
In a Critical Notice to shippers Wednesday, Algonquin said it was experiencing peak operating conditions and "will have no operating flexibility for the next several days." In order to mitigate conditions that would threaten its ability to maintain firm service, Algonquin said that beginning with Wednesday's gas day and until further notice, any negative imbalances exceeding a 2% tolerance are subject to $15/Dth penalties.
Texas Eastern, Algonquin's upstream affiliate, continued to restrict IT-1 deliveries in its M-3 market zone to zero.
©Copyright 2004 Intelligence Press Inc. All
rights reserved. The preceding news report may not be republished
or redistributed, in whole or in part, in any form, without prior
written consent of Intelligence Press, Inc.