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