Extremely High System Inventory
Wednesday, June 11, 2003
Due to extremely high inventory on Pacific Gas and Electric Company's California Gas Transmission system, some nominations for gas day June 11, 2003 will be cut.
An unusually large supply increase was nominated during the Evening and Intraday 1 nomination cycles for gas day June 11--at the same time forecast demand dropped. System inventory is now forecast to exceed the maximum inventory level. Therefore, CGT will implement receipt point capacity allocations at all interconnects to manage inventory levels on its system.
Receipt point capacity allocations will be made in accordance with gas Rule 14 , in the following order as required:
- Golden Gate Market Center nominations will be reduced to net zero packs.
- At each interconnect point, nominations to Golden Gate Market Center accounts will be curtailed completely.
- At each interconnection point, nominations using as-available transportation will be cut, with the lowest priced transportation cut first.
- At each interconnection point, nominations using firm transportation will be cut on a pro rata basis as necessary.
Allocations will take place when Intraday 1 nominations are processed. All customers should review their Confirmed Nominations and Scheduled Volumes (100) Report. Maximum receipt point capacities will not increase for the Intraday 2 nomination cycle.
Although CGT currently believes that allocations to market center activities will be sufficient to manage inventory, the situation may change during later cycles.
Please contact your CGT Account Services Representative if you have further questions.
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