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.