Granite State Gas Transmission, Inc.
Third Revised Volume No. 1
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Effective Date: 05/07/2020, Docket: RP99-286-002, Status: Accepted
Sub First Revised Sheet No. 441 Sub First Revised Sheet No. 441 : Effective
Superseding: First Revised 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.
Issued by: Daniel D. Gavito, Vice President
Issued on: March 31, 2000 Effective: April 1, 2000
Filed to comply with order of the Federal Energy Regulatory Commission, Docket No. RP99-286, issued March 17, 2000