Self-Balancing Open Season
Wednesday, January 24, 2001
Pacific Gas and Electric Company announces Self-Balancing, a new option for balancing gas on its pipeline system.
Self-Balancing allows balancing entities to withdraw from the utility's monthly balancing service. Instead, they commit to balancing their own supply and demand every day, within certain limits. In exchange, Self-Balancers receive a $0.005 per Decatherm (Dth) credit based on actual usage. This credit offsets a portion of the balancing costs currently included in all customers' rates. Failure to meet daily Self-Balancing requirements may result in significant daily noncompliance charges.
There are many critical details to understand before choosing Self-Balancing. For complete information on the Self-Balancing program and open season, please read Self-Balancing Overview, found in the recently dedicated Settlements wing of Pipe Ranger's Library.
Customers and balancing agents not electing Self-Balancing will remain in the current monthly balancing program. The monthly balancing program is not changing as a result of Self-Balancing.
The Self-Balancing open season will take place during February 2001. The program itself will begin April 1, 2001.
To elect Self-Balancing, a completed Self-Balancing Amendment must be faxed to the California Gas Transmission Contracts team (415-973-9247) by 5:00 p.m. Pacific Time, February 28, 2001.
Please contact your CGT Account Services Representative if you have further questions.
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