Midwestern Gas Transmission Company
Third Revised Volume No. 1
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Effective Date: 10/01/2006, Docket: RP06-583-000, Status: Effective
Second Revised Sheet No. 78 Second Revised Sheet No. 78 : Effective
Superseding: First Revised Sheet No. 78
RATE SCHEDULE PAL
PARK AND LOAN SERVICE
2. APPLICABILITY AND CHARACTER OF SERVICE (Continued)
2.4 Term of Service
Service under this Rate Schedule shall be provided for a minimum of one (1) day
and a maximum term set forth in the effective PAL Agreement between Buyer and
In the event parked quantities remain in Company's system and/or loaned
quantities have not been returned to Company's system by the expiration of a
PAL Agreement, Company and Buyer may mutually agree to an extended time frame
and/or modified terms, including the rate, of such PAL Agreement, to permit
Buyer to return such quantities to Company or to permit Company to return such
quantities to Buyer.
2.5 Nominations for Service
Buyer shall nominate PAL Services under this Rate Schedule in accordance with
the nomination deadlines set forth in Section 3 of the General Terms and
Conditions, except as provided for service under Subsection 2.3.4 herein.
2.6 Confirmation and Scheduling of Service
Service under this Rate Schedule shall be confirmed and scheduled, after all
other services offered by Company are scheduled and confirmed, on the basis of
the Buyer paying the highest rate at a Parking Point or Lending Point. Ties
will be confirmed and scheduled on a pro rata basis.
Existing quantities of gas parked or loaned by Company cannot be bumped by new
requests for parking and/or lending service.
3. RATE AND PAYMENT
3.1 Maximum and Minimum Rates
The daily Maximum and Minimum Rates for service under this Rate Schedule are
listed on the Summary of Rates and Charges of Company's FERC Gas Tariff.
Buyer shall pay the daily Maximum Rate for service under this Rate Schedule
unless a lower daily rate has been requested by Buyer and approved by Company.
Company is not obligated to accept a rate for services rendered hereunder at
less than the Maximum Rate.
The charge to be invoiced monthly pursuant to Section 5 of the General Terms
and Conditions for service under this Rate Schedule shall be the applicable
daily PAL rate multiplied by the quantity of gas parked or loaned, for each
separate transaction of Buyer, multiplied by the number of days within such
month that the quantity of gas is parked or loaned.
3.2 Discounted Rates
Company may from time to time, at its sole discretion, permit Buyers under this
Rate Schedule to request a daily PAL rate that is lower than the Maximum Rate
set forth in the Summary of Rates and Charges of Company's FERC Gas Tariff.
However, such discounted rate shall not be less than the Minimum Rate.