Quest Pipelines (Kpc)
Second Revised Volume No. 1
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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.