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Aggregate Balancing November 17, 2004

Aggregate Balancing November 17, 2004. Current Process. Multiple Contracts, Multiple Nominations, Multiple Imbalances and the potential for Multiple Cashouts & OFO Penalties. Aggregate Balancing. Aggregate Contract.

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Aggregate Balancing November 17, 2004

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  1. Aggregate BalancingNovember 17, 2004

  2. Current Process • Multiple Contracts, Multiple Nominations, Multiple Imbalances and the potential for Multiple Cashouts & OFO Penalties.

  3. Aggregate Balancing AggregateContract • Aggregate Balancing is an administrative allocations tool that enables the Balancer to essentially create an “Aggregate”, and pool its gas supplies. MemberContracts

  4. Aggregate Contract AggregateContract MemberContracts • Gas supplies will automatically be allocated to the “member” transportation agreements tied to the Aggregate.

  5. Aggregate Contract AggregateContract • The Aggregate Contract carries the imbalance between nominated receipts and member deliveries. MemberContracts

  6. Aggregate Contract • A calculation is made to determine how much gas is needed to keep the member contract whole. Calculated Receipts Calculated Fuel Transport Volume

  7. Aggregate Contract • That calculated receipt becomes the delivery on the Aggregate contract. Becomes Delivery Total Calculated Receipts

  8. Aggregate Contract • All gas receipts are nominated on the Aggregate contract. • Nothing is nominated on the member contracts. Total Gas Receipts

  9. Aggregate Contract • The imbalance between total gas receipts and calculated member deliveries is maintained on the aggregate contract. Total Gas Receipts Calculated member deliveries Aggregate Imbalance

  10. Aggregate Contract AggregateContract MemberContracts • Imbalance management responsibilities (make-up, payback, cashouts and Operational Flow Order penalties) reside on the Aggregate contract.

  11. Service Summary • Aggregate Balancing provides the capability to aggregate: • Supply Nominations • Contract Administration • Imbalances • Cashouts • OFO Penalties • Swaps

  12. How to Request Service • Forms to request service are located under the “Welcome” Tab-”Forms” on the Gas Transport Websitehttp://www1.xcelenergy.com/webebb/html/GasIndex.asp • Submit completed Request for Aggregate Balancing to Transportation Representative(“Agg Bala Request Form”) • Include completed Balancing Agency Designation for each Member Contract to be included under the Aggregate(“AgentDesign-Agg Bal”) • All Request and Agency Forms are available under Gas Transportation website • Transportation Representative will provide Balancer with AP number for scheduling when the request is approved

  13. Important Dates • Approved requests to initiate service for a new Balancer that are received prior to the 15th of a month will be eligible for service beginning the 1st day of the subsequent month. • Examples: • Request Received December 13, 2004 • Service can initiate January 1, 2005 • Request Received December 17, 2004 • Service can initiate February 1, 2005 • Once service initiates, Member contracts can be added or deleted by submitting a request 4 Business Days prior to the beginning of the effective month

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