Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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Effective Date: 12/20/1998, Docket: CP96-159-006, Status: Effective

Original Sheet No.79 Original Sheet No.79 : Effective

 

 

GENERAL TERMS AND CONDITIONS (cont'd)

 

4. MEASURING EQUIPMENT - (cont'd)

 

4.5 Retention of Records:

 

All original records of measurement or test data

compiled by either party in conjunction with the

provisions of Transporter's Rate Schedules and these

General Terms and Conditions shall be preserved by the

party for a minimum period of three (3) years from the

date the record was made.

 

4.6 Prior Period Adjustments:

 

The deadline for closing of measurement data shall be

no later than 5 business days after the month of flow.

Missing or late measurement data shall be estimated by

the measuring party. Any measurement data or

corrections received by Transporter after it has closed

the previous month of flow shall be handled as a prior

period adjustment. Transporter shall process late

measurement data or corrections of measurement errors

as soon as practicable. However, for Transportation

Service Agreements executed after June 1, 1997,

Transporter shall process late measurement data or

corrections of measurement errors as soon as

practicable but no later than six months after the

applicable month of flow in question with a three month

rebuttal period. These deadlines do not apply in the

case of deliberate omission or misrepresentation by a

party (or its representative) or mutual mistake of

fact. The parties? other statutory or contractual

rights shall not be diminished by this provision. The

correction shall be made to the month of flow with a

restated line item and a new total quantity of gas for

the specific day(s) and the respective month.