Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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

First Revised Sheet No. 23A First Revised Sheet No. 23A : Effective

Superseding: Original Sheet No.23A

RATE SCHEDULE FT-2

FIRM TRANSPORTATION SERVICE

 

5.2 a. Revenue Bank Account (cont'd):

 

to Section 6.2(c) below, the term Credit

Period is defined as the term of the

Shipper's FT-2 TSA, which term is for the

economic life of the Committed Blocks as set

out in the associated Reserve Commitment

Agreement.

 

b. Increasing a Shipper's RBA:

 

(i) For any month during a Credit Period, a

Shipper's RBA under a specific FT-2 TSA is

increased only when the Reservation Charge on

Shipper's Monthly Bill under the specific FT-

2 TSA for the same month is computed pursuant

to Section 5.1 a. (ii) of this Rate Schedule.

 

(ii) The amount of the increase is equal to the

difference between (1) the Reservation Charge

on Shipper's Monthly Bill for the same month

and (2) a hypothetical Reservation Charge for

the same month calculated pursuant to Section

5.1 a. (i) of this Rate Schedule.

 

c. Decreasing a Shipper's RBA:

 

(i) For any month during a Credit Period, a

Shipper's RBA under a specific FT-2 TSA is

decreased only when: (1) the Reservation

Charge on Shipper's Monthly Bill under the

specific FT-2 TSA for the same month is

computed pursuant to Section 5.1 a. (i) of

this Rate Schedule; or, (2) when there is an

Authorized Overrun Charge on Shipper's

Monthly Bill under the specific FT-2 TSA for

the same month. Note that both condition (1)

and (2) of this paragraph may apply to

Shipper's Monthly Bill under the specific FT-

2 TSA for the same month.

 

(ii) The amount of the decrease under condition (1) of

Section 5.2 c. (i) is calculated as the difference

between (a) The Reservation Charge under the specific

FT-2 TSA for the same month and (b) a hypothetical

Reservation Charge for the same month calculated

pursuant to Section 5.1 a. (ii) of this Rate

Schedule. The amount of the decrease under condition

(2) of Section 5.2 c. (i) is equal to the Authorized