Negative Imbalance definition

Negative Imbalance means an imbalance, whether Daily or Monthly, where the Company has delivered more Gas to a Shipper than the Company has received, less Gas in Kind, on that Shipper's behalf. When expressed as a percentage, the imbalance is divided by gas received by the Company, less Gas in Kind, on the Shipper's behalf.

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Negative Imbalance has the meaning given in Section E paragraph 2.6 of the IUK Access Code;

Negative Imbalance means when a Shipper’s Daily Imbalance is negative (when a Shipper's Consumed Quality of gas is greater than the Confirmed Quantity of gas on a Day).

Examples of Negative Imbalance in a sentence

• In the event that Delivered Energy for any CAISO settlement interval is less than Scheduled Energy for such CAISO settlement interval, Buyer shall have no payment obligation in respect of the Negative Imbalance Energy.

• Successful compliance with the end user requirements does not guarantee access to the Equifax Products.

• For each CAISO settlement time interval in any month in which there is Negative Imbalance Energy, the Imbalance Price shall be the 10-Minute Settlement Interval Average Price as published by the CAISO with respect to negative uninstructed imbalance energy charges for the applicable CAISO settlement time interval and zone.

• Negative Imbalance Energy costs,] and other charges) and shall be entitled to all CAISO revenues (including credits, [For As-Available Product PIRP Participants only: Positive Imbalance Energy revenues,] and other payments) as the Scheduling Coordinator for the Project, including revenues associated with CAISO dispatches, bid cost recovery, inter-SC trade credits, or other credits in respect of the Product Scheduled or delivered from the Project.

• In the event that Delivered Energy for such month is less than Scheduled Energy for such month, Buyer shall pay Seller, in addition to the Monthly Energy Payment, an amount equal to the product of (i) the Negative Imbalance Energy for the month, times (ii) the lower of the Energy Price [For ▇▇▇ Pricing Only: (without any ▇▇▇ Factor correction)] or the Imbalance Price (defined below) for the month.

More Definitions of Negative Imbalance

Negative Imbalance means in respect of a Gas Flow Day, where a Shipper’s Aggregate NI Entry Allocation is less than its’ Aggregate NI Exit Allocation;

Negative Imbalance shall have the meaning set forth for such term in Article IV.

Negative Imbalance has the meaning set forth in Section 2.4 of this Exhibit “A.”

Negative Imbalance has the meaning given in Section E paragraph 2.6 of the IUK Access Code; “Negative Imbalance Daily Gas Price” means the price (p/kWh) calculated as the lesser of:

Negative Imbalance means, respectively as to each Property Subdivision to which the Subject Interests are attributable and without duplication, the sum (expressed in MMBtus) of (i) the aggregate make-up, prepaid or other volumes of natural gas that Seller was obligated as of the Effective Time, on account of prepayment, advance payment, take-or-pay, gas balancing or similar obligations, to deliver from the Subject Interests attributable to such Property Subdivision after the Effective Time without then or thereafter being entitled to receive full payment therefor (proportionately reduced to the extent Seller will be entitled to receive partial payment therefor) and (ii) the aggregate pipeline or processing plant imbalances or overdeliveries for which Seller is obligated to pay or deliver natural gas or cash as of the Effective Time to any pipeline, gatherer, transporter, processor, co-owner or purchaser in connection with any other natural gas attributable to the Subject Interests.

Negative Imbalance means the occurrence of the event where the shipping licensee off-takes more quantity of gas that what is injects in the transmission pipeline during a Day;

Negative Imbalance has the meaning given in Section E paragraph 2.6 of the IAC;