Gulf South Pipeline Company L P
Sixth Revised Volume No. 1
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Effective Date: 12/31/2000, Docket: GT01- 6-000, Status: Effective
Original Sheet No. 5101 Original Sheet No. 5101 : Effective
NOW THEREFORE, Gulf South and _____________ ("The Parties") agree that
such over-or-under deliveries at the Interconnection Point be treated in the
following manner:
(1) Prior to the first day of each month, the Parties shall reconcile
and confirm in writing the nominations received by each from
shippers for whom the Parties will deliver or receive gas at the
Interconnection Point to be effective on the first day of the
month. Any changes to such confirmed nominations shall be
effective only if agreed to in writing by both Parties. Such
written communication shall be in the form set out on the attached
Exhibit 2 or in any other form mutually agreeable to the Parties.
Transportation nominations shall be confirmed in Dekatherm units.
(2) The Parties intend that the volume actually delivered and received
each day at the Interconnection Point will equal the confirmed
nominations. Each Party will allocate the volumes which are to be
delivered and received at the Interconnection Point among the
Parties' respective shippers pursuant to the confirmed
nominations. Any difference between the actual physical flow at
the Interconnection Point and the confirmed nominations for the
Interconnection Point is the "Operational Imbalance," which will
be the responsibility of the Parties to eliminate pursuant to this
Agreement.
(3) The Parties agree that confirmed nominations scheduled to be
received and delivered will occur at a uniform hourly rate or at
an hourly rate mutually agreeable to the Parties before gas is
scheduled to flow. The mutually agreeable hourly rate will be
communicated by telephone between the Parties.
(4) The daily Operational Imbalance on any day shall not exceed 10% of
the total nominated flow for such day or a cumulative volume of
100,000 Dekatherm. If the 10% daily tolerance is exceeded with
either party unwilling to immediately reschedule nominated
quantities to equal physical flow, this Agreement can be suspended
by either party by giving written notice to the other party as of
the date this tolerance is exceeded; provided, however, the
provisions of Paragraph (7) of this Agreement shall continue to
apply during the period(s) of suspension. This Agreement shall be
reinstated upon written agreement by both Parties.