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.