Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 06/01/2007, Docket: RP07-421-000, Status: Effective

Second Revised Sheet No. 23 Second Revised Sheet No. 23 : Effective

Superseding: First Revised Sheet No. 23

RATE SCHEDULE FT-2

FIRM TRANSPORTATION SERVICE

 

 

b. Commodity Charge: A commodity charge equal to the

applicable Commodity Rate multiplied by the

quantity of gas allocated to Shipper's FT-2

Transportation Service Agreement at the Delivery

Point(s) in the month; and

 

c. Authorized Overrun Charge: An authorized overrun

charge equal to the applicable Authorized Overrun

Rate multiplied by the quantity of Authorized

Overrun gas allocated to Shipper's FT-2

Transportation Service Agreement at the Delivery

Point(s) in the month; and

 

d. Other Charges: Any applicable surcharges set

forth on the effective Sheet No. 6, any

applicable New Facilities Charges pursuant to

Section 4.2, any Incidental Charges pursuant

to Section 4.3.

 

5.2 A Revenue Bank Account ("RBA") shall be established and

maintained by Transporter for each FT-2 Transportation

Service Agreement ("FT-2 TSA").

 

a. Credit Period:

 

(i) For purposes of those Shippers that

executed a FT-2 TSA before June 1, 2007 and

that did not elect to amend the term of

such FT-2 TSA to the term for the economic

life of the Committed Blocks as set out in

the associated Reserve Commitment

Agreement, pursuant to Section 6.2(c)

below, the term Credit Period is defined as

each of the consecutive twelve-year periods

during the term of a FT-2 TSA, the first of

which commences with the beginning of the

term of a FT-2 TSA and the last of which

terminates concurrent with the termination

of the associated FT-2 TSA. A Credit

Period may be for a term of less than

twelve consecutive years under the

following conditions: (i) the term of the

associated FT-2 TSA is less than twelve

years, or (ii) the term of the associated

FT-2 TSA remaining after the expiration of

the second-to-last Credit Period is less

than twelve years.

 

(ii) For purposes of those Shippers that either

(a) executed a FT-2 TSA on or after June 1,

2007, or (b) elected to amend the term of a

specific FT-2 TSA executed before June 1,

2007 to the term for the economic life of

the Committed Blocks as set out in the

associated Reserve Commitment Agreement,

pursuant