Vector Pipeline L.P.
Original Volume No. 1
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Effective Date: 06/01/2005, Docket: RP05-295-000, Status: Effective
Third Revised Sheet No. 45 Third Revised Sheet No. 45 : Effective
Superseding: Second Revised Sheet No. 45
be obligated to purchase the quantity of parked Gas
remaining in Shipper's park and loan account at a price
equal to 100% of the monthly contract index as published in
Gas Daily for Chicago-LDCs applicable for the month in which
the thirtieth (30th) Day of curtailment occurs.
(d) Transporter may require Shipper to withdraw all, or any
portion, of the Gas quantities parked by Shipper within
thirty (30) Days of Transporter's notice to Shipper.
Transporter's notice to Shipper may be verbal and in such
case shall be followed by a written confirmation. If
Shipper fails to arrange for the withdrawal of the parked
quantities specified by Transporter in its notice, despite
the availability of capacity for the withdrawal of Shipper's
Gas under its Park and Loan Service Agreement, Transporter
shall take title to that portion of the Gas in Shipper's
PALS-1 park and loan account that Shipper was instructed to
withdraw, free and clear of any adverse claims. The
quantity of Gas to which Transporter takes title shall be
credited to Shippers by means of Transporter's Fuel
Requirement mechanism, whereby such Gas will be included
with the actual Gas retained for system use referenced in
GT&C section 11.1(a).
(e) In those circumstances where it is deemed necessary by
Transporter, in its sole discretion, to protect system line
pack levels, Transporter may require the withdrawal of
quantities of Gas in Shipper's park and loan account within
twenty-four (24) hours of notification. In the event
Shipper does not cause the withdrawal of Gas within twenty-
four (24) hours, Transporter shall have the right to take
title to those quantities of Gas in Shipper's park and loan
account free and clear of any adverse claims. The quantity
of Gas to which Transporter takes title shall be credited to
Shippers by means of Transporter's Fuel Requirement
mechanism, whereby such Gas will be included with the actual
Gas retained for system use referenced in GT&C section
11.1(a).
2.7 Loan service hereunder shall consist of the following:
(a) Advancement (loan) of Gas to Shipper upon nomination and
subsequent confirmation of such daily quantities of Gas as
specified in the executed authorized Park and Loan Service
Agreement between Transporter and Shipper. Quantities of
Gas loaned to Shipper shall be debited to Shipper's park and
loan account.