Algonquin Gas Transmission, LLC

Fifth Revised Volume No. 1

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Effective Date: 02/13/2010, Docket: RP10-308-000, Status: Effective

First Revised Sheet No. 356 First Revised Sheet No. 356

Superseding: Original Sheet No. 356

 

RATE SCHEDULE PAL

 

PARK AND LOAN SERVICE

 

8. BALANCES

 

8.1 All PAL balance quantities reside at the PAL Point of Transaction at which the

original park or loan quantity was nominated, and must be resolved at that PAL Point

of Transaction by taking delivery of the Park Balance or returning the Loan Balance to

Algonquin, as applicable. Balances incurred under this Rate Schedule PAL shall be

resolved via in-kind balancing during the remaining term of the transaction, which

term is specified in Exhibit(s) A to the Customer's PAL Service Agreement. Customer

may resolve park and/or loan balances by transporting such balances between PAL Points

of Transaction. The transportation shall be accomplished by Customer's submission of

a nomination under Customer's executed transportation service agreement and the

subsequent scheduling and confirmation processes pursuant to Sections 22 and 23 of the

General Terms and Conditions.

 

Customer shall be required to reduce to zero each park and/or loan quantity of gas at

each PAL Point of Transaction no later than the termination date of the Exhibit(s) A

to the Customer's PAL Service Agreement, or prior to any mutually agreed upon

extension of that term, applicable to that quantity. Any balances remaining upon the

termination date of the Exhibit(s) A to the Customer's PAL Service Agreement, or any

mutually agreed upon extension of that term, shall be resolved in accordance with

Sections 7.5 and 7.6, as applicable, of this rate Schedule PAL.

 

Algonquin shall debit or credit, as appropriate, 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 8.

 

8.2 If Customer's PAL account reflects a park balance at the termination date of the

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

agreed upon extension of the termination date, and the balance has not been resolved

pursuant to Section 7.5(c) of this Rate Schedule PAL, the term of the transaction will

be extended until the earlier of (i) such time as the balance is reduced to zero or

(ii) operating conditions require the removal of the balance pursuant to Section

7.5(c) of this Rate Schedule PAL. For any balance remaining beyond such agreed upon

period set forth for a PAL transaction in Exhibit A of Customer's PAL Service

Agreement, the applicable maximum rate(s) as set forth on the effective Statement of

Rates for Rate Schedule PAL shall be applied on a daily basis until the balance is

reduced to zero.

 

9. GOVERNMENTAL AUTHORIZATIONS

 

Park and Loan Services under executed PAL Service Agreements shall be implemented pursuant

to any applicable self-implementing authorization or program of the FERC for which

Algonquin has filed or in which Algonquin has agreed to participate.

 

10. GENERAL TERMS AND CONDITIONS

 

All of the General Terms and Conditions of Algonquin's FERC Gas Tariff of which this Rate

Schedule is a part are applicable to this Rate Schedule and are made a part hereof to the

extent that such terms and conditions are not contradicted by any provision herein.