Granite State Gas Transmission, Inc.

Third Revised Volume No. 1

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Effective Date: 05/07/2020, Docket: RS93- 1-001, Status: Accepted

Original Sheet No. 441 Original Sheet No. 441 : Superseded

 

 

 

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 contract at the Delivery Point(s) (in-

cluding all extension rights provided in the converted 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 calen-

dar month.

 

Continuing Obligations - Following the termination of this Agree-

ment, 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.