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