Transcontinental Gas Pipe Line Company, LLC

Fourth Revised Volume No. 1

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Effective Date: 03/03/2010, Docket: RP10-356-000, Status: Effective

Second Revised Sheet No. 311 Second Revised Sheet No. 311

Superseding: First Revised Sheet No. 311

 

RATE SCHEDULE PAL

Parking and Loaning Service

(Continued)

 

 

 

7. NOTIFICATION FROM SELLER (Continued)

 

7.2 Any Parked quantity not removed within the time frame specified by Seller's notice

shall become the property of Seller at no cost to Seller, free and clear of any

adverse claims. Seller shall include this quantity in its Fuel Retention Adjustment

calculations pursuant to Section 38 of the General Terms and Conditions. Any Loaned

quantity not returned within the time frame specified by Seller's notice shall be sold

to Buyer at 150% of the Reference Spot "Sell" Price for Zone 2 which shall be the

highest weekly Reference Spot Price for Zone 2 as set forth in Section 37.1(a) of the

General Terms and Conditions. The Loaned quantity not returned multiplied by fifty

percent (50%) of the Reference Spot "Sell" Price for Zone 2 as calculated pursuant to

Section 37.1 of the General Terms and Conditions will be considered the penalty

revenue that will be distributed pursuant to Section 54 of the General Terms and

Conditions. The remaining penalty dollars (the Loaned quantity not returned

multiplied by one hundred percent (100%) of the Reference Spot "Sell" Price for Zone

2), which is representative of Seller's cost to replenish the Loaned quantity not

returned, shall be included in the Cash Out Refund calculation pursuant to Section 15

of the General Terms and Conditions.

 

8. OTHER CONDITIONS OF SERVICE

 

8.1 Requests for service hereunder shall be considered acceptable only if Buyer has

completed a request for service via 1Line.

 

Such request for service shall provide the information specified by Seller in 1Line,

as such information may be revised from time to time, and

 

(a) Either with the request for service or at the time of execution of the service

agreement, such other information as is required to comply with regulatory

reporting or filing requirements; and

 

(b) Sufficient information to determine Buyer's credit worthiness in accordance with

Section 32 of the General Terms and Conditions of Seller's Volume No. 1 Tariff.

 

8.2 Seller shall not be required to perform service under this rate schedule in the event

all facilities necessary to render the requested service do not exist at the time the

request is made.

 

9. WARRANTY OF TITLE TO GAS

 

Buyer warrants for itself, its successors and assigns, that it will at the time of delivery

to Seller have good and merchantable title to all gas hereunder free and clear of all liens,

encumbrances and claims whatsoever. Buyer shall indemnify Seller and save it harmless from

all suits, actions, debts, accounts, damages, costs, losses and expenses arising from or out

of adverse claims of any or all persons to said gas, including claims for any royalties,

taxes, license fees or charges applicable to such gas or to the delivery thereof to Seller

under this rate schedule.

 

10. GENERAL TERMS AND CONDITIONS

 

All of the applicable General Terms and Conditions of Seller's Volume No. 1 Tariff are hereby

made a part hereof. However, in the event of any inconsistencies between the General Terms

and Conditions and this Rate Schedule PAL, the terms and conditions of this Rate Schedule PAL

shall control.