Millennium Pipeline Company, L. L. C.

Original Volume No. 1

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Effective Date: 11/01/2009, Docket: RP10-17-000, Status: Effective

First Revised Sheet No. 30 First Revised Sheet No. 30

Superseding: Original Sheet No. 30

 

RATE SCHEDULE PALS

PARKING AND LENDING SERVICE

(Continued)

 

(v) Shipper may be required to accept a delay in either (1) the

redelivery of gas by Transporter from a Parking Service, or (2) the

redelivery of gas by Shipper from a Lending Service. In the event that

Transporter is unable to accept Shipper's bona fide nomination for

either such redeliveries, then Transporter will allow such quantities to

remain in Parking Service or Lending Service, as applicable, until

Transporter notifies Shipper (via Electronic Notice Delivery) that such

quantities must be redelivered from or to Transporter's system within

twenty-four (24) hours. Upon the lapse of this 24-hour period, Shipper

will be, for failure to satisfy the requirements of Section 5(b) or (c)

below, subject to the provisions of Section 5(a)(vii)below;

 

(vi) In the event that Shipper makes a timely and valid

nomination, which Transporter subsequently confirms, in response to

notification by Transporter to remove parked quantities or redeliver

loaned quantities, Shipper will be deemed to have complied with

Transporter's notification; and

 

(vii) Unless otherwise agreed by Shipper and Transporter:

 

(1) Any parked quantity not removed within a time frame specified by

Transporter's notice will become the property of Transporter at no cost

to Transporter free and clear of any adverse claims. With respect to

any parked quantity not removed, Transporter may post such forfeited

quantities on its EBB as gas available for sale to the highest bidder

within a 24-hour notice period. Upon receipt of payment, Transporter

will treat 100 percent of the proceeds from such sale as Penalty Revenue

as defined in Section 19.6 of the General Terms and Conditions.

 

(2) If Shipper does not return loaned quantities within the time frame

specified by Transporter's notice, Shipper must reimburse Transporter

for the cost of each Dth of the loaned quantity. In particular,

Transporter will sell the gas to Shipper at 150 percent of the Spot

Market Price for each Dth. With respect to any loaned quantity not

returned, the proceeds from the sale to the Shipper will be allocated as

follows: 100 percent of the Spot Market Price times the applicable

number of Dths will be retained by Transporter as a reimbursement fee,

and 50 percent of the Spot Market Price times the applicable number of

Dths will be treated as a Penalty Revenue, as defined in Section 19.6 of

the General Terms and Conditions. Shipper must reimburse Transporter

for the cost of transporting (including Retainage) such unreturned loan

quantities to Transporter's system.