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

PAL Agreement.

 

Buyer retains the right to prospectively adjust scheduled parking

and/or lending activity nominated via APL in subsequent nomination

cycles.

 

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.