Common use of Receipt Point Clause in Contracts

Receipt Point. On a Gas Day basis, ELC shall allocate the quantities of Gas received at the Twin 30s Interconnection on Customer’s behalf to the account of Customer based on the quantities of Gas scheduled by ELC. Any Gas Day variance between scheduled nominations and actual volumes measured at the Twin 30s Interconnection shall be allocated to the OBA and any such imbalance at the end of the month shall be resolved by the parties to the OBA, unless Customer makes up the imbalance during the month.

Appears in 2 contracts

Sources: Liquefaction Service Agreement (El Paso Pipeline Partners, L.P.), Liquefaction Service Agreement (El Paso Pipeline Partners, L.P.)