Gulfstream Natural Gas System, L.L.C.
Original Volume No. 1
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Effective Date: 05/24/2010, Docket: RP10-630-000, Status: Effective
First Revised Sheet No. 134 First Revised Sheet No. 134
Superseding: Original Sheet No. 134
GENERAL TERMS AND CONDITIONS
(CONTINUED)
7.2 Prior Period Adjustments.
In accordance with the provisions of Sections 2 and 11 of
these General Terms and Conditions, Transporter shall use
the best information available to close its allocation of
quantities for a Service Month five (5) Business Days after
such Service Month. To the extent that adjustments are
made after the date of such close, such adjustments ("Prior
Period Adjustments" or "PPA") shall be treated under this
Section 7.2. If the PPA is due to the correction of
measurement data or allocations, such adjustments shall be
processed within six (6) Months of the applicable Service
Month. If the affected party disputes the as-adjusted
quantity, it is entitled to rebut the basis for the PPA,
but only if it does so within three (3) Months of the
processing of the PPA. Notwithstanding the above-specified
deadlines for processing/rebutting PPAs, such deadlines
shall not apply in the case of deliberate omission or
misrepresentation or mutual mistake of fact. Parties'
other statutory or contractual rights shall not be
diminished by this standard. In addition, for a period of
up to six (6) months after the end of the applicable
Service Month Transporter will accept an adjustment for a
scheduled nomination and/or allocation methodology provided
that the requested change (i) is agreed upon in writing
(including email) by all affected upstream and/or
downstream parties and Transporter, and (ii) does not
impact Transporter in a detrimental manner.