Pacific Gas & Electric declared a systemwide Stage 3 high-inventory OFO for today with $5/Dth penalties for positive daily imbalances exceeding a 5% tolerance. Southern California Gas extended a similar Overnominations Day notice that had begun Thursday through at least today. SoCal’s OFO penalizes shippers for delivering into the system more than 110% of their actual usage. Violators pay a buyback tariff that is the lower of either SoCal’s lowest incremental gas purchase cost or 50% of its core subscription procurement charge.
Penalties
Articles from Penalties
Transportation Notes
Pacific Gas & Electric issued a systemwide Stage 2 high-inventory OFO for Saturday. Penalties were $1/Dth for positive daily imbalances exceeding what traders considered a very lenient tolerance of 11%. SoCalGas extended an Overnominations Day declaration into a second day Saturday.
November 5, 2001
Transportation Notes
Pacific Gas & Electric declared a systemwide Stage 2 high-inventory OFO for Saturday with $1/Dth penalties for positive daily imbalances exceeding a 3% tolerance.
October 29, 2001
Transportation Notes
Pacific Gas & Electric issued a systemwide Stage 3 high-inventory OFO for Saturday. It carries penalties of $5/Dth for positive daily imbalances exceeding a 9% tolerance.
October 22, 2001
Transportation Notes
Pacific Gas & Electric declared a systemwide Stage 3 high-inventory OFO for Saturday. The OFO had $5/Dth penalties for exceeding a very tight 1% tolerance for positive daily imbalances. Unlike the previous weekend, Southern California Gas did not have a corresponding Overnominations Day in place Saturday.
July 16, 2001
Transportation Notes
Pacific Gas & Electric issued a systemwide Stage 3 high-inventory OFO with $5/Dth penalties for positive imbalances exeeding 9% for Saturday.
July 9, 2001
Transportation Notes
Pacific Gas & Electric declared a systemwide Stage 3 high-inventory OFO for today. Positive imbalances exceeding a 4% tolerance are subject to penalties of $5/Dth.
June 14, 2001
Transportation Note
Northern Natural reported a critical system overrun limitationfor all of its market area zones for today’s flow. DDVC penaltiesare applicable to the bumped shipper’s quantity.
February 16, 2001
Transportation Notes
Pacific Gas & Electric issued a systemwide Stage 3low-inventory OFO for today with penalties of $5/dth for negativeimbalances exceeding a 2% tolerance. It was projecting below-targetlinepack levels through Saturday.
February 1, 2001
Transportation Notes
Pacific Gas & Electric had a systemwide Stage 1high-inventory OFO in effect Wednesday, with penalties of 25cents/dth for positive daily imbalances exceeding a 1% tolerance.The OFO is being reduced to a customer-specific one effectivetoday. As of Wednesday PG&E was projecting that linepack wouldremain slightly above its target operating limit through Friday,then jump to much above its target Saturday.
July 6, 2000
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
