Imbalance Trade Operating Band Limits Removed
Thursday, January 10, 2008
On December 11, 2007, the California Public Utilities Commission approved Pacific Gas and Electric Company's Advice filing 2874-G. This approved filing revises PG&E's gas tariff Schedule G-BAL, Gas Balancing Service for Intrastate Transportation Customers, to eliminate the Imbalance Trade Operating Band (OP Band).
The OP Band was adopted as part of the original Gas Accord Settlement (Decision 97-08-055) in 1998 as a method to limit the net amount of imbalances traded into or out of storage. The purpose of the band was to prevent excessive imbalance trading activity that might adversely impact other customers or operations.
PG&E determined that the OP Band provision in Schedule G-BAL was no longer necessary. Since the adoption and implementation of the OP Band, PG&E has never experienced an operating problem or imbalance trade issue that was corrected by applying the OP Band. California Gas transmission will no longer post an OP Band on the Imbalance Trading Cashout Rates - Current Month Trading page. Please contact your CGT Account Services Representative if you have any questions.
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