Midwestern Gas Transmission Company
SECOND REVISED VOLUME NO. 1
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Effective Date: 09/01/1993, Docket: RS92- 41-004, Status: Effective
Substitute Original Sheet No. 149 Substitute Original Sheet No. 149 : Effective
(For Use at Delivery Points)
3.3 Corrections in Subsequent Periods - As soon as practicable following the close of
each month, Transporter will send Balancing Party a statement setting forth the
accrued Daily Variances and the Monthly Operational Imbalance existing at the end
of the prior month. Any Monthly Operational Imbalance shall be corrected in cash
in accordance with Rate Schedule LMS-MA of Transporter's Tariff unless the
Parties mutually agree otherwise.
3.4 Measurement of Operational Imbalance - Any gas received or delivered pursuant to
this Agreement to correct an Operational Imbalance shall be adjusted for variation
in Btu content. Measurement of gas for all purposes shall be in accordance with
Transporter's FERC Gas Tariff.
3.5 Operational Integrity - Nothing in this Article III shall limit Transporter's
right to take action as may be required to adjust deliveries of gas in order to
alleviate conditions that threaten the integrity of its system.
ARTICLE IV - TERM
4.1 Duration of Agreement - Subject to the other termination rights provided herein,
this Agreement shall be in full force and effect from the date hereof for a
primary term commensurate to that of the underlying converted sales contract at
the Delivery Point(s) (including all extension rights provided in the converted
contract) and shall continue thereafter on a month-to-month basis unless canceled
by either Party upon thirty days' prior written notice with the termination to be
effective at the end of a calendar month. Transporter shall have the right to
terminate this Agreement in the event that the Balancing Agreement between
Tennessee and Transporter is terminated. Notwithstanding the above, if any
material problem arises as a result of the provisions of this Agreement, then the
Parties will enter into good faith negotiations to amend this Agreement to resolve
4.2 Continuing Obligations - Following the termination of this Agreement, any
remaining Operational Imbalance shall be resolved in cash in accordance with Rate
Schedule LMS-MA of Transporter's FERC Gas Tariff Volume No. 1, unless the Parties
mutually agree otherwise.
4.3 This Agreement will terminate automatically in the event that Balancing Party
fails to pay all of the amount of any bill for service rendered by Transporter
hereunder in accord with the General Terms and Conditions of Transporter's Tariff.