RATE SCHEDULE PAL
PARK AND LOAN SERVICE
2. APPLICABILITY AND CHARACTER OF SERVICE (Continued)
2.3 Park and Loan (PAL) Service Options (Continued)
2.33 Company Offered Parking/Lending (OPL) (Continued)
Bids for OPL service shall be considered only if
Company has received from Buyer a proposal for
service under this Rate Schedule.
For the purposes of determining the Best Bid(s) for
a posted Company Offered Parking/Lending Service,
Company will award service on basis of highest rate
bid. In the event there is more than one Best Bid,
Company will allocate service on a pro-rata basis.
Company and Buyer shall execute Exhibit A to an
effective PAL Agreement(s) for the winning bid(s).
In the event that the receipt and delivery points
differ under a specific OPL transaction, then a
separately stated amount for transportation shall be
included in the bid. Such transportation amount
shall not be priced at less than the Minimum
Commodity Rate pursuant to Rate Schedule IT-1 on a
dekatherm basis.
2.34 Buyer Authorized Automatic Parking/Lending (APL)
Buyer Authorized Automatic Parking/Lending (APL) is a
service option that allows a Buyer to pre-authorize
Company to nominate, on the Buyer's behalf, parking
and/or lending service within a supported nomination
cycle in attempt to minimize the Buyer's Stranded
Allocated Capacity in such cycle.
To initiate on a prospective basis, a Buyer must
complete and submit to Company a proposed Exhibit A to
an effective PAL Agreement.
Buyer retains the right to prospectively adjust
scheduled parking and/or lending activity nominated
via APL in subsequent nomination cycles.
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