This operating agreement exhibit provides that each party has the right to take in kind its share of gas produced from the Contract Area and market or otherwise dispose of its gas. In the event any party is not, at any time, taking or marketing its share of gas, or has contracted to sell its share of gas produced from the Contract Area to a purchaser which does not, at any time, take the full share of gas attributable to the interest of the party, then the terms of this agreement shall automatically become operative.
Contra Costa California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 serves as an essential component of gas balancing agreements within Contra Costa County, California. This comprehensive document outlines the terms and conditions that govern gas balancing activities in the region. Gas balancing agreements are critical in the energy industry to ensure the smooth and efficient operation of gas pipelines and distribution systems. They establish the norms and protocols for managing fluctuations in gas supply and demand, maintaining system reliability, and optimizing gas delivery. The Contra Costa California Exhibit E provides a detailed description and framework for gas balancing activities specific to Contra Costa County. It encompasses various aspects, including gas measurement, allocation, scheduling, imbalances, penalties, and dispute resolution mechanisms. Key components covered within the Contra Costa California Exhibit E may include: 1. Gas Measurement: This section outlines the methodologies and equipment used to measure gas quantities, ensuring accurate and reliable data for allocation purposes. It may detail the types of meters utilized, calibration processes, and protocols for measurement verification. 2. Allocation: The allocation section defines how gas volumes are assigned to various market participants within Contra Costa County. It may include the factors considered for allocation, such as contract volumes, nominations, and entitlements. The agreement may detail the procedures for updating allocation information and the responsibility of each party to submit accurate data. 3. Scheduling: This part outlines the procedures for submitting and updating gas delivery schedules. It may cover the timeframe for scheduling, nomination processes, and the repercussions of failing to meet scheduled gas deliveries. 4. Imbalances: This section addresses the handling of imbalances that occur when actual gas deliveries deviate from scheduled quantities. It may describe the tolerance levels for imbalances, penalties for excessive imbalances, and mechanisms for resolving imbalances efficiently. 5. Penalties: The agreement may include penalties or charges associated with non-compliance, inadequate nominations, or failure to adhere to gas balancing requirements. It may detail the calculation methods for penalties, payment terms, and the process of disputing or resolving discrepancies related to penalties. 6. Dispute Resolution: This segment outlines the processes for resolving disputes that may arise between parties involved in gas balancing operations. It may prescribe the escalation steps, mediation or arbitration procedures, and the governing laws or jurisdiction applicable to dispute resolution. It is important to note that while the information provided above represents common components, the specific content of Contra Costa California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may vary depending on the entity drafting the agreement or specific regional requirements. To summarize, Contra Costa California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 establishes a comprehensive framework for gas balancing activities within Contra Costa County, California. By ensuring accurate gas measurement, allocation processes, scheduling adherence, and effective dispute resolution, this agreement promotes the efficient and reliable functioning of gas distribution systems in the region.Contra Costa California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 serves as an essential component of gas balancing agreements within Contra Costa County, California. This comprehensive document outlines the terms and conditions that govern gas balancing activities in the region. Gas balancing agreements are critical in the energy industry to ensure the smooth and efficient operation of gas pipelines and distribution systems. They establish the norms and protocols for managing fluctuations in gas supply and demand, maintaining system reliability, and optimizing gas delivery. The Contra Costa California Exhibit E provides a detailed description and framework for gas balancing activities specific to Contra Costa County. It encompasses various aspects, including gas measurement, allocation, scheduling, imbalances, penalties, and dispute resolution mechanisms. Key components covered within the Contra Costa California Exhibit E may include: 1. Gas Measurement: This section outlines the methodologies and equipment used to measure gas quantities, ensuring accurate and reliable data for allocation purposes. It may detail the types of meters utilized, calibration processes, and protocols for measurement verification. 2. Allocation: The allocation section defines how gas volumes are assigned to various market participants within Contra Costa County. It may include the factors considered for allocation, such as contract volumes, nominations, and entitlements. The agreement may detail the procedures for updating allocation information and the responsibility of each party to submit accurate data. 3. Scheduling: This part outlines the procedures for submitting and updating gas delivery schedules. It may cover the timeframe for scheduling, nomination processes, and the repercussions of failing to meet scheduled gas deliveries. 4. Imbalances: This section addresses the handling of imbalances that occur when actual gas deliveries deviate from scheduled quantities. It may describe the tolerance levels for imbalances, penalties for excessive imbalances, and mechanisms for resolving imbalances efficiently. 5. Penalties: The agreement may include penalties or charges associated with non-compliance, inadequate nominations, or failure to adhere to gas balancing requirements. It may detail the calculation methods for penalties, payment terms, and the process of disputing or resolving discrepancies related to penalties. 6. Dispute Resolution: This segment outlines the processes for resolving disputes that may arise between parties involved in gas balancing operations. It may prescribe the escalation steps, mediation or arbitration procedures, and the governing laws or jurisdiction applicable to dispute resolution. It is important to note that while the information provided above represents common components, the specific content of Contra Costa California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may vary depending on the entity drafting the agreement or specific regional requirements. To summarize, Contra Costa California Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 establishes a comprehensive framework for gas balancing activities within Contra Costa County, California. By ensuring accurate gas measurement, allocation processes, scheduling adherence, and effective dispute resolution, this agreement promotes the efficient and reliable functioning of gas distribution systems in the region.
