Great Lakes Gas Transmission Limited Partner

Second Revised Volume No. 1

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Effective Date: 05/01/1998, Docket: RP98-156-001, Status: Effective

Substitute Original Sheet No. 63B Substitute Original Sheet No. 63B : Effective

 

RATE SCHEDULE MC

MARKET CENTER SERVICES

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(continued)

 

2.1 Park and Loan Service

 

(A) Parking Service is an interruptible service which provides for:

 

(1) the receipt by Transporter of Gas quantities that have been delivered by

Shipper to any Market Center Point(s);

 

(2) the holding of the parked Gas quantities by Transporter at such Market Center

Point(s); and

 

(3) the return of the Gas quantities to the Shipper at the same Market Center

Point(s) at which the Gas was parked by Shipper. However, Transporter may

authorize the return of parked Gas quantities to the Shipper at a point other

than the Market Center Point where the Gas was originally parked.

 

(4) At no time shall Transporter be deemed to have taken title to Gas delivered

into its system for Parking Service.

 

(B) Loan Service is an interruptible service which provides for:

 

(1) the receipt of Gas quantities by Shipper from Transporter at any Market

Center Point(s); and

 

(2) the subsequent return of the loaned Gas quantities to the Transporter at the

same Market Center Point(s) at which the Gas was loaned to Shipper. However,

Transporter may authorize the return of loaned Gas quantities at a point other

than the Market Center Point where the Gas was originally loaned.

 

(C) The total quantity of Gas parked by and/or loaned to Shipper on any given Day shall not

exceed the Maximum Daily Quantity in Shipper's MC Service Agreement and the total

outstanding parked or loaned balance shall not exceed the Maximum Quantity in Shipper's

MC Service Agreement.

 

(D) Gas quantities must be parked and/or loaned for a minimum of one (1) day and must be

removed from or returned to Transporter's system within sixty (60) days; provided,

however, that such period may be extended by Transporter at Transporter's sole

discretion in a manner that is not unduly discriminatory.

 

(1) In the event that Shipper does not remove parked Gas from Transporter's system

within sixty (60) days or such other period agreed upon, Shipper shall pay a

penalty equal to the product of the quantity of parked Gas which has not been

removed and twice the price indicated for Canadian Natural Gas Spot Export Prices

as reported by Natural Gas Market Report for the Emerson, MB/Noyes, MN Canadian

export/U.S. entry point. The issue of this publication shall be the most recent

edition available at the time of invoicing. (Natural Gas Market Report is

published twice a month by Canadian Enerdata Ltd., Suite 500, 7030 Woodbine Ave.,

Markham, Ontario, Canada L3R 1A2.)

 

(2) In the event that Shipper does not return loaned Gas to Transporter's system

within sixty (60) days or such other period agreed upon, Shipper shall pay a

penalty equal to the product of the quantity of loaned Gas which has not been

returned and twice the price indicated for Canadian Natural Gas Spot Export Prices

as reported by Natural Gas Market Report for the Emerson, MB/Noyes, MN Canadian

export/U.S. entry point. The issue of this publication shall be the most recent

edition available at the time of invoicing. (Natural Gas Market Report is

published twice a month by Canadian Enerdata Ltd., Suite 500, 7030 Woodbine Ave.,

Markham, Ontario, Canada L3R 1A2.)

 

(3) If Shipper's inability to remove parked Gas or return loaned Gas within sixty (60) Days,

or any period agreed upon, is due to Transporter's failure to schedule a nomination that

would allow Shipper to meet the deadline, the penalties described above shall be

suspended for those Days that Transporter does not schedule such nomination.