Algonquin Gas Transmission, LLC

Fifth Revised Volume No. 1

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Effective Date: 11/30/2009, Docket: RP10-77-000, Status: Effective

First Revised Sheet No. 355 First Revised Sheet No. 355

Superseding: Original Sheet No. 355

 

RATE SCHEDULE PAL

 

PARK AND LOAN SERVICE

 

7.5 Parked quantities shall become the property of Algonquin at no cost to Algonquin, free

and clear of any adverse claims, in the event that any of the following situations

occur:

 

(a) Algonquin's operating conditions require Algonquin to notify Customer that

receipts of parked quantities must be suspended or reduced, and Customer fails to

comply with such notification within the specified time frame; and/or

 

(b) Algonquin's operating conditions require Algonquin to notify Customer that all or

a part of Customer's parked quantities must be removed, and Customer fails to

comply with such notification within the specified time frame; and/or

 

(c) The PAL account reflects a balance at the termination date of the associated

Exhibit A to the Customer's PAL Service Agreement or at the end of any mutually

agreed upon extension of the termination date, and Algonquin's operating

conditions require the removal of the parked quantities.

 

If Algonquin notifies Customer, pursuant to Sections 7.2 and 7.5(a) herein, that

receipts of parked quantities must be suspended or reduced, only those quantities

parked by the Customer in violation of the notification shall become the property of

Algonquin at no cost to Algonquin, free and clear of any adverse claims.

 

Algonquin shall credit the Fuel Reimbursement Quantity Deferred Account as provided in

Section 32 of the General Terms and Conditions of this FERC Gas Tariff with the value

of the gas retained pursuant to this Section 7.5. The value of the gas retained by

Algonquin shall be based on the average of the Gas Daily postings for the high

"Common" price for the "AGT Citygate" posting for the seven Day period beginning three

Days before the Day on which the park occurred.

 

7.6 Title to loaned quantities shall be transferred to Customer and Customer shall be

obligated to pay for each Dekatherm of such gas at a price equal to 150% of the

average of the Gas Daily postings for the "Midpoint" price for the "AGT Citygate"

posting for the seven Day period beginning three Days before the Day on which the loan

occurred, in the event that any of the following situations occur:

 

(a) Algonquin's operating conditions require Algonquin to notify Customer that

deliveries of Customer's loaned quantities must be suspended or reduced, and

Customer fails to comply with such notification; and/or

 

(b) Algonquin's operating conditions require Algonquin to notify Customer that all or

a part of Customer's loaned quantities must be returned to Algonquin, and Customer

fails to comply within the specified time frame; and/or

 

(c) The PAL account reflects a balance at the termination date of the associated

Exhibit A to the Customer's PAL Service Agreement or at the end of any mutually

agreed upon extension of the termination date.

 

If Algonquin notifies Customer, pursuant to Sections 7.2 and 7.6(a) herein, that

deliveries of Customer's loaned quantities must be suspended or reduced, only those

quantities taken by the Customer in violation of the notification shall be transferred

to Customer and Customer shall be obligated to pay for each Dekatherm of such gas at a

price calculated as described in this Section 7.6. Algonquin shall credit the Fuel

Reimbursement Quantity Deferred Account as provided in Section 32 of the General Terms

and Conditions, with the net proceeds from the operation of this Section 7.6.