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
8.1 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.