Trunkline Gas Company, LLC
Third Revised Volume No. 1
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Effective Date: 06/13/2010, Docket: RP10-731-000, Status: Effective
First Revised Sheet No. 270G First Revised Sheet No. 270G
Superseding: Original Sheet No. 270G
GENERAL TERMS AND CONDITIONS
11. CONTRACT ROLLOVER, RIGHT OF FIRST REFUSAL AND REDUCTION (Continued)
Shipper may elect to reduce some or all of the contract
quantity on its firm Service Agreement by making one or
more of the following cash payments to Trunkline.
The total amount of the cash payment that Shipper must
pay Trunkline shall be 100 percent of the net present
value of the reservation charge payments applicable to
the reduced quantities that Trunkline would have
otherwise received had Shipper continued to pay
Trunkline under the remaining term of the Service
Agreement. The economic value shall be calculated in
accordance with Section 10.3 hereof.
Shipper shall give Trunkline sixty (60) days prior
written notice of the date it elects to exercise this
contract Quantity reduction option.
(3) Level of Reduction
Unless otherwise agreed, any reduction in contract
quantity shall result in a pro rata reduction in
Shipper's Quantities at primary Points of Receipt and
primary Points of Delivery.
(4) Effective Date
The reduction shall take effect on the requested date
following the sixty (60) days notice period. The
payment required under Section 11.7(D)(1) must be
received by Trunkline prior to the effective date of