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.
