Quest Pipelines (Kpc)

Second Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 10/01/2009, Docket: RP09-1019-000, Status: Effective

Original Sheet No. 93 Original Sheet No. 93

 

RATE SCHEDULE PAL (Continued)

PARK AND LOAN SERVICE

 

5. RESERVATIONS

 

KPC reserves the right from time to time to unilaterally make any

changes to, or to supersede, the rates and charges and other terms in

this Rate Schedule and the other provisions of KPC's FERC Gas Tariff,

and the applicability thereof, subject to the provisions of the Natural

Gas Act and the Commission's regulations thereunder.

 

6. NOTIFICATIONS, ALLOCATIONS, LIMITATIONS, AND CASH OUT

 

6.1 For purposes of restricting park and loan transactions, KPC will

give priority to Service Agreements with the highest Transmission

Charge paid to KPC on a per unit basis, provided that Shippers

paying more than the maximum commodity rate set forth on the

statement of currently effective rates applicable to service under

this Rate Schedule will be considered to be paying the maximum

commodity charge. Such unit rate shall be calculated by taking

the total revenue generated during the term of the transaction, as

determined by reference to the term of the transaction set forth

in the applicable service order multiplied by the rate applicable

to the transaction, and dividing by the Total Transaction Quantity

set forth in the service order to arrive at revenue on a per unit

basis. If there is a tie, service will be allocated or limited on

a pro rata basis among Shippers' transaction quantity with the

same per unit rate for park and loan services.

 

6.2 Shipper may be required, on notice from KPC, to suspend or reduce

deliveries for parking, or receipts from lending. Further,

Shipper may be required, on notice from KPC, to remove quantities

of gas previously parked with KPC, or to return quantities of gas

previously loaned to Shipper.

 

6.3 Should KPC notify Shipper to remove or return quantities of gas

under Section 6.2 above, KPC's notice shall specify the effective

nomination cycle by which parked quantities shall be removed, or

loaned quantities shall be returned, or both. Such notice shall

be consistent with KPC's operating requirements, but in no event

shall the specified effective nomination cycle be less than 24

hours from the time of KPC's notice unless Shipper and KPC

mutually agree to a different notice period.