Texas Eastern Transmission, L P

Seventh Revised Volume No. 1

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Effective Date: 11/16/2009, Docket: RP10-53-000, Status: Effective

First Revised Sheet No. 354 First Revised Sheet No. 354

Superseding: Sub Original Sheet No. 354

 

RATE SCHEDULE PAL

(Continued)

 

7.4 If Customer requests delivery of parked quantities and Pipeline is unable to return the

Gas to Customer, then Customer has the option to: (i) suspend the Daily Charge and

extend the term of the transaction until Pipeline is able to return the Gas to

Customer; or (ii) trade the balance with another Customer that has an offsetting loan

balance at the same PAL Point of Transaction.

 

If Customer requests to return loaned quantities to Pipeline and Pipeline is unable to

accept such receipts, then Customer has the option to: (i) suspend the Daily Charge

and extend the term of the transaction until Pipeline is able to accept such receipts

from Customer; or (ii) trade the balance with another Customer that has an offsetting

park balance at the same PAL Point of Transaction.

 

7.5 Parked quantities shall become the property of Pipeline at no cost to Pipeline, free and

clear of any adverse claims, in the event that any of the following situations occur:

 

(a) Pipeline's operating conditions require Pipeline to notify Customer that receipts of

parked quantities must be suspended or reduced, and Customer fails to comply within

the specified time frame with such notification; and/or

 

(b) Pipeline's operating conditions require Pipeline to notify Customer that all or a

part of Customer's parked quantities must be removed, and Customer fails to comply

within the specified time frame with such notification; and/or

 

(c) The PAL account reflects a balance at the termination date of the associated Exhibit

A to the Customer's PAL Service Agreement or at the end of any mutually agreed upon

extension of the termination date, and Pipeline's operating conditions require the

removal of the parked quantities.

 

If Pipeline notifies Customer, pursuant to Sections 7.2 and 7.5(a), that receipts of

parked quantities must be suspended or reduced, only those quantities parked by the

Customer in violation of the notification shall become the property of Pipeline at no

cost to Pipeline, free and clear of any adverse claims.