Northern Border Pipeline Company

First Revised Volume No. 1

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Effective Date: 11/01/2003, Docket: RP03-629-000, Status: Effective

Second Revised Sheet No. 185 Second Revised Sheet No. 185 : Effective

Superseding: First Revised Sheet No. 185

 

RATE SCHEDULE PAL

PARK AND LOAN SERVICE

 

 

2. APPLICABILITY AND CHARACTER OF SERVICE (Continued)

 

2.3 Park and Loan (PAL) Service Options (Continued)

 

2.33 Company Offered Parking/Lending (OPL) (Continued)

 

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 and Buyer shall execute 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-1 on a

dekatherm basis.

 

2.34 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 an amendment

to the Exhibit A of an effective PAL Agreement.

 

Buyer retains the right to prospectively adjust

scheduled parking and/or lending activity nominated

via APL in subsequent nomination cycles.