East Tennessee Natural Gas, LLC

Third Revised Volume No. 1

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Effective Date: 04/20/2008, Docket: RP08-277-000, Status: Effective

Second Revised Sheet No. 226 Second Revised Sheet No. 226 : Effective

Superseding: First Revised Sheet No. 226

 

RATE SCHEDULE PAL

 

PARK AND LOAN SERVICE

 

7.5 Parked quantities shall become the property of Transporter at no cost

to Transporter, free and clear of any adverse claims, in the event

that any of the following situations occur:

 

(a)Transporter's operating conditions require Transporter to notify

Shipper that receipts of parked quantities must be suspended or

reduced, and Shipper fails to comply within the specified time

frame with such notification; and/or

 

(b)Transporter's operating conditions require Transporter to notify

Shipper that all or a part of Shipper's parked quantities must be

removed, and Shipper fails to comply within the specified time

frame with such notification; and/or

 

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

associated Exhibit A to the Shipper's PAL Service Agreement or at

the end of any mutually agreed upon extension of the termination

date, and Transporter's operating conditions require the removal

of the parked quantities.

 

If Transporter notifies Shipper, pursuant to Sections 7.2 and

7.5(a), that receipts of parked quantities must be suspended or

reduced, only those quantities parked by the Shipper in violation of

the notification shall become the property of Transporter at no cost

to Transporter, free and clear of any adverse claims.

 

7.6 Title to loaned quantities shall be transferred to Shipper and

Shipper shall be obligated to pay for each Dekatherm of such gas at

a price equal to 150% of the monthly "Average Price" established

pursuant to Section 8 of Rate Schedule LMS-MA for the cash-out

mechanism for the Month in which the loan occurred, in the event

that any of the following situations occur:

 

(a)Transporter's operating conditions require Transporter to notify

Shipper that deliveries of Shipper's loaned quantities must be

suspended or reduced, and Shipper fails to comply with such

notification; and/or

 

(b)Transporter's operating conditions require Transporter to notify

Shipper that all or a part of Shipper's loaned quantities must be

returned to Transporter, and Shipper 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 Shipper's PAL Service Agreement or at

the end of any mutually agreed upon extension of the termination

date.

 

If Transporter notifies Shipper, pursuant to Sections 7.2 and

7.6(a), that deliveries of Shipper's loaned quantities must be

suspended or reduced, only those quantities taken by the Shipper in

violation of the notification shall be transferred to Shipper and

Shipper shall be obligated to pay for each Dekatherm of such gas at

a price calculated as described above in this Section 7.6. Any

revenue received or cost incurred by Transporter as a result of the

operation of this Section 7 will be handled pursuant to Section 8 of

Rate Schedule LMS-MA for delivery points and Section 8 of Rate

Schedule LMS-PA for receipt points.