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Original Sheet No. 441 Original Sheet No. 441 : Superseded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