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.