Great Lakes Gas Transport, L.L.C.
Second Revised Volume No. 1
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Effective Date: 06/01/1997, Docket: RP97-322-000, Status: Effective
First Revised Sheet No. 146 First Revised Sheet No. 146 : Effective
Superseding: Original Sheet No. 146
GENERAL TERMS AND CONDITIONS
FOR TRANSPORTATION SERVICE
13. ALLOCATION AND IMBALANCES (cont'd)
forward the net underrecoveries to the subsequent Annual Billing
Period and may offset such net underrecoveries against any future
net overrecoveries against any future net overrecoveries that may
occur in a subsequent Annual Billing Period.
13.11 Prior Month Adjustments
If a Prior Month Adjustment (PMA) is to be made (either at the request
of Shipper or at Transporter's initiative), Transporter will notify
Shipper on or before the ninth (9th) of the month following the close
of each month of the amount and nature of the PMA, either as part of
the Monthly Imbalance Statement or in a separate communication.
Shipper has until the end of the month following the month in which
such notification was made to resolve the PMA in kind by adjusting
Shipper's receipts and deliveries of gas.
If the PMA is not resolved in kind within the required time, a
positive PMA (Shipper has too much gas on Transporter's system) will
be resolved by Transporter's retaining an amount of Shipper's gas
equal to the amount of the PMA, at no cost and free and clear of all
claims by any party.
A negative PMA (Shipper has insufficient gas on Transporter's
system) will be resolved by Shipper's paying to Transporter an amount
of money equal to the amount of the PMA (expressed in dekatherms)
multiplied by the Cash-Out Price applicable to the month which was
adjusted by that PMA. Shipper's regular bill for transportation
services will include the amount of gas retained by Transporter
pursuant to this paragraph and/or the amount which is owed by Shipper
pursuant to this paragraph, which will be subject to all payment and
collection requirements applicable to that bill.