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.