Granite State Gas Transmission, Inc.

Third Revised Volume No. 1

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Effective Date: 05/07/2020, Docket: RP99-286-000, Status: Accepted

First Revised Sheet No. 441 First Revised Sheet No. 441 : Superseded

Superseding: Original Sheet No. 441

 

 

OPERATIONAL BALANCING AGREEMENT

(For Use Pursuant to Rate Schedule LMS)

(Continued)

 

 

ARTICLE III

TERM

 

Duration of Agreement - Subject to the other termination

rights provided herein, this Agreement shall be in full force

and effect from the date hereof for a primary term

commensurate to that of the underlying converted sales or new

transportation contract at the Delivery Point(s) (including

all extension rights provided in the converted or new

transportation contract), and shall continue thereafter on a

month-to-month basis unless canceled by either Party upon

thirty days' prior written notice with the termination to be

effective at the end of a calendar month. Notwithstanding the

above, if any material problems arise as a result of the

provisions of this Agreement, then the Parties will enter into

good faith negotiations to amend this Agreement to resolve

such problems. If the Parties are unable to resolve such

problems as a result of such negotiations, then either Party

may terminate this Agreement upon forty-eight (48) hours'

prior written notice, with the termination to be effective at

the end of a calendar month.

 

Continuing Obligations - Following the termination of this

Agreement, any remaining Operational Imbalance shall be

corrected in cash in accordance with Rate Schedule LMS of

Granite State's FERC Gas Tariff, Volume No. 1 unless the

parties mutually agree otherwise.