Changes to Large Volume Transportation Program
Revisions to the Large Volume Transportation Program that went into effect on August 1, 2008 could change the way you choose to manage your purchase of natural gas over the course of the year. Key changes to the program include:
- Maximum Daily Nomination – Between April 1 and October 31, Peoples Gas will impose a new limit on the daily amount of gas that all large volume transportation customers can bring into its system.
- Inventory/Allowable Bank/Daily Deliveries – By November 30 of each year, customers who take transportation service under Rider FST (Full Standby Transportation Service) and Rider SST (Selected Standby Transportation Service) must have 70 percent of their storage account (Allowable Bank) filled. For customers that fall short of the 70 percent, Peoples Gas will supply the deficiency at the cost of November's Average Monthly Index Price plus 10 percent.
- Imbalance Account Charge – Under Rider SST, Peoples Gas will impose a daily Imbalance Account Charge to customers whose gas deliveries exceed daily consumption and daily injection restrictions as well as Allowable Bank capacity limits. This daily Imbalance Account Charge can be as high as $6 per therm in the event that Peoples Gas declares a Critical Supply Surplus Day.