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.