Midwestern Gas Transmission Company
Third Revised Volume No. 1
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Effective Date: 07/09/2004, Docket: RP04-325-000, Status: Effective
First Revised Sheet No. 77 First Revised Sheet No. 77 : Effective
Superseding: Original Sheet No. 77
RATE SCHEDULE PAL
PARK AND LOAN SERVICE
2. APPLICABILITY AND CHARACTER OF SERVICE (Continued)
2.3 Park and Loan (PAL) Service Options (Continued)
2.3.3 Company Offered Parking/Lending (OPL)
Company Offered Parking/Lending (OPL) is a service option that allows
Company to offer parking and/or lending service to potential Buyers for
a mutually agreed upon term.
Company shall post all OPL offers, detailing the specific terms and
conditions of each OPL offer, as well as provide electronic
notification of such offers.
Bids for OPL service shall be considered only if Company has received
from Buyer a proposal for service under this Rate Schedule.
For the purposes of determining the Best Bid(s) for a posted Company
Offered Parking/Lending Service, Company will award service on basis of
highest rate bid. In the event there is more than one Best Bid,
Company will allocate service on a pro-rata basis.
Company shall execute the proposed Exhibit A to a PAL Agreement(s) for
the winning bid(s).
In the event that the Receipt and Delivery Points differ under a
specific OPL transaction, then a separately stated amount for
transportation shall be included in the bid. Such transportation
amount shall not be priced at less than the Minimum Commodity Rate
pursuant to Rate Schedule IT on a Dekatherm basis.
2.3.4 Buyer Authorized Automatic Parking/Lending (APL)
Buyer Authorized Automatic Parking/Lending (APL) is a service option
that allows a Buyer to pre-authorize Company to nominate, on the
Buyer's behalf, parking and/or lending service within a supported
nomination cycle in attempt to minimize the Buyer's Stranded Allocated
Capacity in such cycle.
To initiate or terminate APL on a prospective basis, a Buyer must
complete and submit to Company a proposed Exhibit A to its effective
Buyer retains the right to prospectively adjust scheduled parking
and/or lending activity nominated via APL in subsequent nomination
2.3.5 For all options listed in Subsections 2.3.1 through 2.3.4 above,
service under this Rate Schedule shall be subject to confirmation by
Company prior to being scheduled.