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. 590 First Revised Sheet No. 590

Superseding: Original Sheet No. 590

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

8.6 Suspense Gas

 

(A) All Suspense Gas shall be subject to the provisions of this Section 8.6.

Pipeline shall have the right to dispose of Suspense Gas in accordance with this

Section. Pipeline shall give notice to the operator of the applicable Point of

Receipt where the Suspense Gas was received, that the Suspense Gas is subject to

these provisions and will be posted on the LINK® System. On the first Business

Day following the fifteenth of each Month, Pipeline shall post on the LINK®

System the quantity, production Day(s) received on the system, and the Point(s)

of Receipt for any Suspense Gas received in prior production Months. Pipeline

will continue to post on the LINK® System for the lesser of four (4) Business

Days, inclusive of the initial date of posting, or until a Valid Claim has been

submitted by a Claimant. In order to be a Valid Claim for purposes hereof, a

claim must (1) be provided to Pipeline in writing; (2) identify the specific

Suspense Gas received by Pipeline; (3) provide evidence of ownership of the

Suspense Gas claimed; (4) agree to indemnify Pipeline and provide evidence

acceptable to Pipeline of Claimant's ability to so indemnify Pipeline fully with

respect to any adverse claims to ownership of the Suspense Gas or to the

proceeds resulting from the sale thereof; and (5) identify an existing

transportation service agreement with Pipeline that contains the Point of

Receipt at which the Suspense Gas was received under which such quantity shall

be allocated. Claimant, as a Customer, agrees to pay the applicable

transportation rate and a charge equivalent up to the maximum ISS-1 Space Charge

on the average daily balance for each Month applicable to the period beginning

when the Suspense Gas was received by Pipeline and ending when the quantity of

Suspense Gas is delivered. All such claimed Suspense Gas must be transported

and delivered before the end of the Month following the Month in which the Gas

is claimed. Claimant's failure to transport and deliver all of such Suspense

Gas quantity before the end of such period shall subject such undelivered

quantities to Section 8.1 of the General Terms and Conditions net of the

accumulated equivalent ISS-1 Space Charge on the average daily balance for each

Month.

 

(B) Applicable Penalties Pursuant to Claiming Suspense Gas:

 

Once a Valid Claim is submitted, the Gas becomes subject prospectively to all

Cash-out provisions at Point(s) of Delivery and scheduling penalties contained

in this FERC Gas Tariff.

 

(C) Disposition of Suspense Gas:

 

(1) If a Valid Claim is not submitted during the notice period, title to the

unclaimed Suspense Gas is vested in Pipeline and Pipeline shall retain the

unclaimed Gas