Crossroads Pipeline Company
First Revised Volume No. 1
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Effective Date: 05/23/2003, Docket: RP00-333-003, Status: Effective
First Revised Sheet No. 30 First Revised Sheet No. 30 : Effective
Superseding: Substitute Original Sheet No. 30
RATE SCHEDULE PALS
PARKING AND LENDING SERVICE
(Continued)
(v) Shipper may be required to delay the return or delivery of
gas from Parking Service. In the event that Transporter is unable to
return or deliver Parked Quantities within the time limitation
otherwise applicable to Parking Service, despite Shipper's bona fide
nomination to return or deliver gas from Parking Service, then
Transporter shall allow such quantities to remain in Parking Service
until Transporter notifies Shipper (via Electronic Notice Delivery)
that such Parked Quantities must be returned or delivered from
Transporter's system within 24 hours. Upon the lapse of this 24-hour
period, Shipper shall be, for failure to satisfy the requirements of
Section 5(b) below, subject to the provisions of Section 5(a)(vii)(1)
below;
(vi) In the event that Shipper makes a timely and valid
nomination, which Transporter subsequently confirms, in response to
notification by Transporter to remove parked quantities and/or return
loaned quantities, Shipper shall be deemed to have complied with
Transporter’s notification; and
(vii) Unless otherwise agreed by Shipper and Transporter: (1) Any
parked quantity not removed within a time frame specified by
Transporter's notice shall become the property of Transporter at no
cost to Transporter free and clear of any adverse claims. With respect
to any parked quantity not removed, Transporter shall post such
forfeited quantities on it EBB as gas available for sale to the highest
bidder within a 24-hour notice period. Upon receipt of payment,
Transporter shall treat 100 percent of the proceeds from such sale as a
Penalty Revenue as defined in Section 19.6 of the General Terms and
Conditions. (2) If Shipper does not return loaned quantities within
the time frame specified by Transporter's notice, Shipper shall
reimburse Transporter for the cost of each Dekatherm of the loaned
quantity. In particular, Transporter will sell the gas to Shipper at
150 percent of the Spot Market Price for each Dekatherm. With respect
to any loaned quantity not returned, the proceeds from the sale to the
Shipper will be allocated as follows: 100 percent of the Spot Market
Price times the applicable number of Dekatherms will be retained by
Transporter as a reimbursement fee, and 50 percent of the Spot Market
Price times the applicable number of Dekatherms will be treated as a
Penalty Revenue, as defined in Section 19.6 of the General Terms and
Conditions. "Spot Market Price", for purposes of this Section, shall
mean, for each Dekatherm on each applicable day on which the gas was to
be repaid, the 'Chicago-LDCs, Large End Users Midpoint' price index as
published in Gas Daily's Daily Price Survey, or successor publication.
Shipper shall be responsible for reimbursing Transporter for the cost
of transporting (including Retainage) such unreturned loan quantities
to Transporter's system.