Guardian Pipeline, L.L.C.
Original Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 04/01/2008, Docket: RP08-227-000, Status: Effective
Original Sheet No. 43 Original Sheet No. 43 : Pending
RATE SCHEDULE LBS (Continued)
LOAD BALANCING SERVICE
3.6 Shipper will retain title to the Natural Gas at all times,
including the Natural Gas stored and transported on behalf of
Shipper by Transporter as accounted for in Shipper's LBS Account.
3.7 Each Day, Shipper's LBS Account balance must:
(a) be equal to or exceed its LBS Overtake Quantity; and
(b) be equal to or less than its LBS MSQ.
3.8 Upon expiration of the contract term as specified in Shipper's LBS
Service Agreement, Shipper's LBS Account balance must equal zero.
If, at the end of the contract term as specified in Shipper's LBS
Service Agreement, Shipper's LBS Account balance is greater than
(a) Any Natural Gas remaining in Shipper's LBS Account will be
sold by Third-Party pursuant to an auction process, and
Transporter will remit the net proceeds it receives, if any,
from Third-Party to Shipper. However, if Shipper was unable
to withdraw Natural Gas from its LBS Account due to Force
Majeure, Transporter will work with Third-Party and Shipper in
an attempt to provide a reasonable period for withdrawal of
any remaining Natural Gas in Shipper's LBS Account following
the end of the contract term. Notwithstanding these attempts
by Transporter set forth in Section 3.8(a) herein, Transporter
makes no representations or warranties regarding the ability
of Shipper to withdraw all of its Natural Gas from its LBS
Account or receive full compensation for such Natural Gas if
Shipper's LBS Account balance is not equal to zero upon
expiration of Shipper's LBS Service Agreement.
(b) Payment for the remaining quantities of Natural Gas that may
be sold by Third-Party and remitted to Shipper shall be
provided no later than twenty-five (25) days after
Transporter's receipt of any final funds from Third-Party.
3.9 Nothing herein shall eliminate, reduce or modify the right of
Transporter to invoke Section 18 of the GT&C.
3.10 Rate Schedule LBS does not apply to imbalances resulting from
Shipper's Authorized Overrun Quantities or Unauthorized Overrun