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. 161 Original Sheet No. 161

 

GAS TRANSPORTATION CONTRACT

(For Use Under FT-NN 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 Customer's

traditional delivery points under its firm sales service, which

have a primary term equal or greater than one year.