Texas Eastern Transmission Corporation

Sixth Revised Volume No. 1

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Effective Date: 06/01/1993, Docket: RS92- 11-009, Status: Effective

Original Sheet No. 530 Original Sheet No. 530 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

8.2 Suspense Gas

 

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

Section 8.2. 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 LINKþ System. On the

first business day following the fifteenth of each month, Pipeline

shall post on the LINKþ 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 LINKþ 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