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. 179 Original Sheet No. 179
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 or new transportation
contract at the Delivery Point(s) (including all extension rights
provided in the converted or new transportation 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 calendar month.
Continuing Obligations - Following the termination of this
Agreement, 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