El Paso Natural Gas Company

Second Revised Volume No. 1A

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Effective Date: 04/01/2010, Docket: RP10-454-001, Status: Effective

Fifth Revised Sheet No. 148D Fifth Revised Sheet No. 148D

Superseding: Fourth Revised Sheet No. 148D

 

RATE SCHEDULE PAL

Interruptible Parking and Lending Service

(Continued)

 

5. INTERRUPTION OR TERMINATION OF PAL SERVICE (Continued)

 

5.2 Should Transporter notify Shipper to remove or return quantities

of gas pursuant to Section 5.1 of this rate schedule,

Transporter's notification shall specify the time by which Parking

Service quantities shall be removed, and/or Lending Service

quantities shall be returned. The time period in which Shipper

must act will be determined based on the necessity to protect and

ensure firm service. However, absent a mutual agreement between

Transporter and Shipper, in no event shall the specified time be

less than three Days from the date of Transporter's notification.

 

5.3 Unless otherwise agreed by Shipper and Transporter, any Parked

quantity not removed as required by Section 5.1 of this rate

schedule shall become the property of Transporter at no cost to

Transporter, free and clear of any adverse claims, and, any Loaned

quantity not returned as required by Section 5.1 of this rate

schedule shall be sold to Shipper at 150% of the Monthly System

Cash Out Index Price for the Month in which the gas is retained,

calculated pursuant to Section 10.3(c) of the GT&C.

 

5.4 Should Transporter receive a valid PAL nomination complying with a

notification pursuant to Section 5.1 of this rate schedule but be

unable to confirm or schedule such nomination, the obligation of

Shipper to comply with that notification, but not the obligation

to submit nominations, shall be suspended until such time as

Transporter's operational conditions permit such nomination to be

confirmed and scheduled. Furthermore, under the circumstances

described by this Section 5.4, the penalty provision of Section

5.3 of this rate schedule shall not apply until such nomination is

able to be confirmed and scheduled. Additionally, Transporter and

Shipper may mutually agree to extend the agreed upon term of the

PALSA for the amount of time that the transaction was unable to be

scheduled.

 

5.5 Shipper is required to remove all parked quantities and return all

loaned quantities no later than the termination date of the PALSA.

Upon termination of a PALSA, any Parked quantity not removed shall

become the property of Transporter at no cost to Transporter, free

and clear of any adverse claims, and, any Loaned quantity not

returned shall be sold to Shipper at 150% of the Monthly System

Cash Out Index Price, calculated pursuant to Section 10.3(c) of

the GT&C, for the Month in which the PALSA terminates.