Maritimes & Northeast Pipeline, L.L.C.

First Revised Volume No. 1

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Effective Date: 08/01/2010, Docket: RP10-948-000, Status: Effective

Third Revised Sheet No. 142 Third Revised Sheet No. 142

Superseding: Second Revised Sheet No. 142

 

RATE SCHEDULE MNPAL

PARK AND LOAN SERVICE

(continued)

 

 

8. IMPAIRMENT OF RECEIPTS AND DELIVERIES (continued)

 

8.5 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 Point of Transaction. The Daily Charges

will be reinstated when pipeline system conditions allow the receipt

or delivery of these quantities.

 

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 Point of Transaction. The Daily

Charges will be reinstated when pipeline system conditions allow the

receipt or delivery of these quantities.

 

8.6 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 with such notification

within the specified time frame; 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 with such notification

within the specified time frame; and/or

 

(c) the MNPAL account reflects a balance at the termination date of

the associated Exhibit A to the Customer's MNPAL 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 8.3 and/or 8.6(a)

herein, 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.

 

Pipeline shall credit the Fuel Retainage Quantity Deferred Account as

provided in Section 20 of the GT&C with the value of the gas retained

pursuant to this Section 8.6. The value of the gas retained by Pipeline

shall be determined based on the net proceeds from the sale of such gas

retained pursuant to Section 11.7A of the GT&C and the proceeds shall be

credited to the Fuel Retainage Quantity Deferred Account at the time of

the sale.