Granite State Gas Transmission, Inc.
Fourth Revised Volume No. 1
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Effective Date: 03/01/2010, Docket: RP10-322-000, Status: Effective
Original Sheet No. 151 Original Sheet No. 151
GAS TRANSPORTATION CONTRACT
(For Use Under FT-1 Rate Schedule)
(Continued)
ARTICLE XII
TERM
12.1 This Contract shall become effective as of
____________________, 20___ and shall remain in force and
effect until _______________________, ________ and from
_________________ to _________________1/ thereafter, unless
cancelled by either Party upon one year's written notice;
provided however, if the term of the Contract is less than one
year, either party may terminate this Contract by providing
written notice of its election at the commencement of the
primary term or any secondary term of this Contract. To the
extent pregranted abandonment authorization under the FERC's
regulations applies, Granite State will seek abandonment
authorization from the FERC prior to exercising its unilateral
right to terminate the Contract following the expiration of the
primary term.2/
12.2 Any portion of this Contract necessary to correct or
cashout imbalances under this Contract as required by the General
Terms and Conditions of Granite State's FERC Gas Tariff, shall
survive the other parts of this Contract until such time as such
balancing has been accomplished.
1/ The evergreen period shall be the lesser of the original
term of the Contract, or one year.
2/ Applicable to agreements with deliveries at a Customers
traditional delivery points under its firm sales service, which
have a primary term equal or greater than one year.