Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

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Effective Date: 10/17/2006, Docket: RP06-177-000, Status: Effective

Fifth Revised Sheet No. 50A Fifth Revised Sheet No. 50A : Effective

Superseding: Fourth Revised Sheet No.50A

 

 

(c) Penalties paid by Transporter to third

parties; and

 

(d) Costs incurred by Transporter to collect

overrun penalties and to administer the crediting

provisions set forth in Section 6.7.

 

2.34 Business Day. The term "Business Day" shall

mean Monday through Friday, excluding Federal Banking

Holidays.

 

2.35 EDI. The term "EDI" shall mean the

Electronic Data Interchange as defined by then-effective

standards established by the Gas Industry Standards Board

and approved by the FERC.

 

2.36 Gas Day. The term "gas day" shall mean a

period beginning and ending at 9:00 a.m. Central Time.

 

2.37 Operational Flow Order. The term

"Operational Flow Order" means an order issued to alleviate

conditions, inter alia, which threaten or could threaten

the safe operations or system integrity of Transporter's

system or to maintain operations required to provide

efficient and reliable firm service. Whenever a

Transporter experiences these conditions,

any pertinent order will be referred to as an Operational

Flow Order. The declaration to the affected parties of

Operational Flow Orders, critical periods, and/or critical

notices should describe the conditions and the specific

responses required from the affected parties.

 

2.38 Operational Balancing Agreement or OBA. The

term "Operational Balancing Agreement" or "OBA" shall mean

a contract between two parties which specifies the

procedures to manage operating variances at an

interconnect.

 

2.39 Negotiated Rate. The term "Negotiated Rate"

shall mean a rate that Iroquois and Shipper have agreed

will be charged for service under Rate Schedule RTS, ITS,

or HUB where, for all or a portion of the contract term,

one or more of the individual components of such rate

exceeds the maximum rate, or is less than the minimum rate,

for such component set forth in Transporter's tariff for

service under Rate Schedule RTS, ITS, or HUB, as

applicable. Any Gas Transportation Contract, entered

into after November 16, 1997, that provides for service

under Rate Schedule RTS, ITS, or HUB at a rate other than

the applicable maximum rate shall contain a provision

stating the mutual agreement of the parties as to whether

it is an agreement for a discounted rate or for a

Negotiated Rate.