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.