Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 09/29/2003, Docket: RP96-320-061, Status: Effective

First Revised Sheet No. 606 First Revised Sheet No. 606 : Effective

Superseding: Original Sheet No. 606

 

 

PAL RATE SCHEDULE

(Continued)

 

 

 

Either party may cancel their PAL service agreement as of the end of

the primary term by giving written notice to the other at least thirty

(30) days prior to the date on which cancellation is requested.

Termination of any service agreement under this PAL Rate Schedule shall

not relieve Gulf South and customer of the obligation to correct volume

imbalances or pay monies due either party.

 

 

7. MANDATORY BALANCING

 

(a) Periods not requiring more expeditious balancing as specified in

Section 10 and Section 13 of the General Terms and Conditions

will be subject to the following provisions:

 

 

(i) PAL Customers may be required to submit a timely

nomination, as stated in Section 11.2(c) of the General

Terms and Conditions, on the next business day after the

date of notification to withdraw or return gas up to its

contract balance on the second day to allow Gulf South to

fulfill higher priority commitments, or as a result of Gulf

South operational requirements. Gulf South may allow

additional time for contract balancing when operational

conditions permit. Such notices may be provided by

telephone, facsimile or in writing, and will also be posted

on Gulf South's Internet Web Site. In instances when

notification is required during times other than normal

business hours, from 9:00 a.m. to 5:00 p.m., Gulf South

will provide such notice by telephone and on its Internet

Web Site.

 

 

(ii) In the event that a Customer still has gas parked at the

end of its contract term or after receiving notification as

indicated in 7(a)(i) above, the remaining parking balance

may be purchased by Gulf South at 50% of the lowest of the

arithmetic average of the "Delivered to Pipeline" indices

published each week during the month in Natural Gas Week

under the title "Gas Price Report" for the same regions

defined in Section 20.1(B)(1) of the General Terms and

Conditions of Gulf South's tariff. Conversely, if the