Northern Border Pipeline Company

First Revised Volume No. 1

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Effective Date: 08/28/2006, Docket: RP06-448-000, Status: Effective

Second Revised Sheet No. 190 Second Revised Sheet No. 190 : Effective

Superseding: First Revised Sheet No. 190

 

RATE SCHEDULE PAL

PARK AND LOAN SERVICE

 

 

6. FAILURE BY BUYER TO RESPOND (Continued)

 

6.1 Park Service (Continued)

 

(i) Company's prevailing operations require Company to

notify Buyer that receipts of parked quantities

must be suspended or be reduced, and Buyer fails

to comply with such notification; and/or

 

(ii) Company's prevailing operations require Company

to notify Buyer that all or part of Buyer's parked

quantities must be removed, and Buyer fails to

comply within the specified time frame; and/or

 

(iii) Subject to Subsection 2.4 herein, the PAL account

reflects a balance at the termination date of the

associated Exhibit A to an executed PAL Agreement.

 

(b) If, pursuant to Subsection 6.1(a)(i), Company notifies

Buyer that receipts of parked quantities must be

suspended or be reduced, only those quantities parked

in violation of the notification shall become the

property of Company at no cost to Company, free and

clear of any adverse claims.

 

(c) No penalty will be assessed, pursuant to this

Subsection, on a remaining balance if the

Buyer-submitted nominations related to that balance to

clear the PAL transaction cannot be scheduled by the

Company, through no fault of the Buyer.

 

6.2 Loan Service

 

(a) In the event any of the following occurs, loaned

quantities shall be sold to Buyer at 150% of the

highest weekly average of the daily Midpoint Chicago

LDC Citygate prices as reported in Gas Daily during the

term of the agreed upon transaction as set forth in the

associated Exhibit A to a PAL Agreement:

 

(i) Company's prevailing operations require Company

to notify Buyer that deliveries of Buyer's

loaned quantities must be suspended or be

reduced, and Buyer fails to comply with such

notification; and/or