Liberty Gas Storage, LLC

Original Volume No. 1

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Effective Date: 04/15/2007, Docket: RP07-357-000, Status: Effective

Original Sheet No. 100 Original Sheet No. 100 : Effective

 

GENERAL TERMS AND CONDITIONS

1. INTRODUCTORY STATEMENT

Except where expressly stated otherwise, the General Terms and Conditions of

Liberty's currently effective FERC Gas Tariff shall apply to all Gas services

rendered by Liberty under any Storage Service Agreement, including, but not

limited to, service under the FSS, SFS, IP, IW, IL, IBT and IB Rate Schedules.

2. DEFINITIONS

2.1 “Action Alert” shall have the meaning set forth in Section 5.5(f).

2.2 “Bcf” means one billion (1,000,000,000) cubic feet.

2.3 “Btu” means one British Thermal Unit, and shall be the quantity of heat

required to raise the temperature of one (1) pound of water from fifty-eight

and five-tenths degrees (58.5 degrees) to fifty-nine and five-tenths degrees

(59.5 degrees) Fahrenheit. The reporting basis for Btu is 14.73 dry psia and

60 degrees Fahrenheit (101.325 kPa and 15 degrees C, and dry).

2.4 “Business Day” means Monday through Friday, excluding Federal Banking

Holidays for transactions in the United States, and similar holidays for

transactions occurring in Canada and Mexico.

2.5 “Contract Year” means the twelve (12) month period beginning on the date

storage service under a Storage Service Agreement commences and each subsequent

twelve month period thereafter during the term of the Storage Service

Agreement.

2.6 “Critical Notices” shall mean information pertaining to Liberty

conditions that affect scheduling or adversely affect scheduled Gas flow.

2.7 “A cubic foot of Gas” equals the volume of Gas that occupies one cubic

foot at a temperature of 60 degrees Fahrenheit, a pressure of 14.73 psia, and

dry. Mcf means one thousand

(1,000) cubic feet and MMcf means one million (1,000,000) cubic feet.

2.8 “Customer” means the party that holds all lawful right and/or title to

the Gas that is being stored, parked and/or wheeled and who executes a Storage

Service Agreement with Liberty.

2.9 “Day” means a period of twenty-four (24) consecutive hours, beginning

and ending at

9:00 a.m. (Central Clock Time (“CCT”)).

2.10 “Dekatherm” (“Dth”) means the quantity of heat energy which is equivalent

to 1,000,000

Btu. One “Dekatherm” of Gas means the quantity of Gas which contains one

Dekatherm of heat energy

2.11 “Elapsed-prorated-scheduled Quantity” shall mean that portion of the

scheduled quantity that would have theoretically flowed up to the effective

time of the intraday nomination being confirmed, based upon a cumulative

uniform hourly quantity for each nomination period affected.