Natural Gas Pipeline Company Of America

Seventh Revised Volume No. 1

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Effective Date: 04/18/2008, Docket: RP08-319-000, Status: Effective

Original Sheet No. 227 Original Sheet No. 227 : Pending

 

 

RATE SCHEDULE LPS

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(f) RATE

 

The LPS RO shall specify the rates under Section

6.1(a) at which the park or loan service will be provided. Rates may

vary by time period, volumes or other permissible discounting

parameters, within the applicable maximum and minimum rates.

 

(g) SHIPPER ASSURANCES

 

Shipper shall provide Natural the assurances

required by Section 1(c) hereof in connection with each LPS RO.

 

5. TERM

 

(a) The term of service hereunder shall be set forth in

the LPS Agreement between Shipper and Natural. The LPS RO shall have

a separately stated term or terms applicable to a particular

transaction or any portion of the transaction; provided that no such

term may extend beyond the term of the related LPS Agreement. Upon

termination of any LPS Agreement and of any LPS RO, service by

Natural to Shipper thereunder shall be terminated and automatically

abandoned.

 

(b) Natural may terminate any LPS Agreement if Natural

is required by the FERC or some other agency or court to provide

service for others utilizing the interruptible system capacity or

capabilities required for service under such LPS Agreement or if

Natural ceases (after receipt of any requisite regulatory

authorization) to offer service of the type covered by the LPS

Agreement.

 

6. RATE

 

6.1 (a) (1) For service rendered to Shipper under this

Rate Schedule LPS, Shipper shall pay Natural each month the sum of

the following charges: (i) an Initial Fee for each unit of gas

tendered for park or taken for loan that month; (ii) a Park/Loan

Balance Fee for each unit of gas which is parked or loaned under this

Rate Schedule LPS that month (such charge shall be calculated on the

basis of the daily ending balance for each LPS RO for each day of the

month, summed over the month); and (iii) a Completion Fee for each

unit of gas returned to Natural on completion (payback) of a loan or

received by Shipper on completion (reversal) of a park that month.