Panther Interstate Pipeline Energy, L.L.C.

Original Volume No. 1

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Effective Date: 02/01/2004, Docket: CP03-338-001, Status: Effective

Original Sheet No. 15 Original Sheet No. 15 : Effective

 

GENERAL TERMS AND CONDITIONS

 

 

1. DEFINITION OF TERMS

 

The following terms when used in this Tariff and in any transportation

service agreement shall be construed to have the following meanings:

 

1.1 The term "Bidder" shall mean, depending upon the context, any

person that submits a bid for released transportation capacity

pursuant to the terms of Section 11 in these General Terms and

Conditions or any person which submits a bid in a right of first

refusal procedure under Section 7 of these General Terms and

Conditions.

 

1.2 The term "British thermal unit" or "Btu" shall mean the amount of

heat required to raise the temperature of one pound of water one

degree Fahrenheit at a standard pressure of 14.73 dry psia at 60

degrees Fahrenheit (101.325 kPa and 15 degrees C, and dry). (The

reporting basis for gigacalorie is 1.035646 Kg/cm and 15.6 degrees

C and dry.)

 

1.3 The term "Business Day" shall mean Monday through Friday,

excluding Federal Banking Holidays for transactions in the U.S.,

and similar holidays for transactions occurring in Canada and

Mexico.

 

1.4 The term "Central Clock Time" and "CCT" shall mean Central

Daylight Time when daylight savings time is in effect and Central

Standard Time when daylight savings time is not in effect.

 

1.5 The term "Confirmation" shall mean a communication that reflects

the quantity of gas to be received or delivered on behalf of each

Shipper at a receipt or delivery point.

 

1.6 The term "cubic foot" shall mean the volume of gas that occupies

one cubic foot when such gas is at a temperature of 60 degrees

Fahrenheit, and at a pressure of 0.33 pounds per square inch above

an assumed atmospheric pressure of 14.4 pounds per square inch

(14.73 points per square inch absolute [psia]) and dry. For gas

volumes reported in cubic meters, the standard conditions are

101.325 kPa, 15 degrees C, and dry.

 

1.7 The term "Daily Limit" shall mean the quantity specified in an

Operational Flow Order at a receipt or delivery point.