Southeast Supply Header, LLC

Original Volume No. 1

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Effective Date: 09/04/2008, Docket: CP07-44-005, Status: Effective

Original Sheet No. 278 Original Sheet No. 278

 

GENERAL TERMS AND CONDITIONS

(CONTINUED)

 

23. PENALTIES AND PENALTY CREDITING MECHANISM

 

23.1 Rate Schedule PALS penalties.

 

(a) Penalty for PALS Non-compliance. In the event that a

Shipper incurs a penalty pursuant to Section 4.1(b) of Rate

Schedule PALS, which section is applicable if a Shipper does

not comply with Transporter's notice given pursuant to

Section 4.1(a) of Rate Schedule PALS to either remove Park

service quantities or to return Loan service quantities,

Transporter shall credit the penalty revenue, net of costs,

to the System Balancing Adjustment, Section 22.3 of the

General Terms and Conditions. Any penalty revenue credited

to the System Balancing Adjustment pursuant to this section

shall include interest calculated in accordance with Section

154.501 of the Commission's regulations.

 

(b) Balances Remaining Upon PALS Contract Termination. In the

event that Transporter receives penalty revenue from a PALS

Shipper as the result of the application of Section 4.2 of

Rate Schedule PALS to such PALS Shipper's unresolved

balance, Transporter shall credit the penalty revenue

received, net of costs, to the System Balancing Adjustment,

Section 22.3 of the General Terms and Conditions. Any

penalty revenue credited to the System Balancing Adjustment

pursuant to this section shall include interest calculated

in accordance with Section 154.501 of the Commission's

regulations.