Transcolorado Gas Transmission Company LLC
Second Revised Volume No. 1
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Effective Date: 12/28/2007, Docket: RP08-167-000, Status: Effective
Original Sheet No. 130 Original Sheet No. 130 : Effective
RATE SCHEDULE PALS
8.4 (a) In the event that Shipper still has gas parked at the end of
its contract term or because of failure to comply with the notice pursuant to
Sections 3 and 8.2 above, the remaining balance shall be forfeited to
TransColorado, free and clear of any adverse claims.
(b) Conversely, if the Shipper has not redelivered gas which was
loaned by TransColorado by the end of its contract term or within the
timeframe specified in the notice in Sections 3 and 8.2 above, the Shipper
must purchase the unreturned balance at 150% of the highest index price from
Inside FERC's Gas Market Report first of the month index for El Paso Natural
Gas, San Juan Basin, as published by McGraw-Hill Companies during the term of
the loan. In the event that the information used to determine the Monthly
Index Price for the term of the loan is not available, then the Shipper must
purchase the unreturned balance at 150% of the highest of the Midpoint prices
for New Mexico San Juan Basin, El Paso, Non-Bondad, for each week (or the
superseding reference if the publication titling is revised), as publishued in
Gas Daily, as published by Financial Times Energy during the term of the loan.
The amounts collected are subject to crediting in accordance with Section
12.10 of the General Terms and Conditions of this Tariff.
(c) The tariff provisions of Sections 8.4(a) and (b) above will
be implemented by TransColorado on a non-discriminatory basis.
8.5 In circumstances where Shipper is unable to eliminate its PALS RO
balance because TransColorado is unable to accept the PALS RO nomination,
Shipper shall take any action to reduce the balance which TransColorado can
accommodate and Shipper shall be granted additional time to eliminate its PALS
RO balance corresponding to the time TransColorado was unable to accept the
PALS RO nomination. Shipper shall not incur any penalty or daily fees as to
that portion of the balance resulting from TransColorado's inability to accept
the PALS RO nomination. Such extension shall only apply in instances where a
Shipper's inability to eliminate the PALS RO balance is attributable to
TransColorado's inability to accept and confirm PALS RO nominations. Shipper
remains responsible to nominate the appropriate level of transportation to
meet TransColorado's notification requirements.
9. GENERAL TERMS AND CONDITIONS
The applicable General Terms and Conditions of this Tariff are hereby
made a part of this Rate Schedule. To the extent that the General Terms and
Conditions are inconsistent with the provisions of this Rate Schedule, the
provisions of this Rate Schedule shall govern.