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.