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Guam Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5

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Multi-State
Control #:
US-OG-749
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Description

This operating agreement exhibit is a gas balancing agreement that contains information about ownership and Disposable Production of Gas in kind.

Guam Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 is a legally binding document that outlines the specific terms and conditions regarding gas balancing agreements in Guam. This agreement is an essential component of gas operations in Guam, ensuring that gas supply and demand are balanced effectively to maintain optimal functioning of gas infrastructure. The Guam Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 governs the rights and obligations of all parties involved in gas balancing agreements in Guam. It specifies the procedures for gas scheduling, gas imbalances, calculation methods for imbalances, and the necessary adjustments to account for any discrepancies between scheduled and actual gas deliveries. This agreement also includes provisions for penalties and fees that may be incurred in case of imbalances, as well as dispute resolution mechanisms to handle any disagreements that may arise between the parties involved. It emphasizes the importance of accurate forecasting, monitoring, and measurement of gas flows to ensure the efficient management of the gas system in Guam. Different types of Guam Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 may include variations based on the specific gas infrastructure, contractual arrangements, and parties involved. These variations could include additional provisions for gas storage, balancing services, balancing zones, or specific requirements for managing gas imbalances in different sectors of the gas system. Overall, the Guam Exhibit E to Operating Agreement Gas Balancing Agreement — Form 5 plays a crucial role in facilitating the reliable and orderly operation of gas facilities in Guam. It ensures that all parties involved in gas operations are accountable for maintaining a consistent and balanced gas supply, promoting a stable and efficient gas market in Guam.

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Guam Exhibit E to Operating Agreement Gas Balancing Agreement - Form 5