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. 142 Original Sheet No. 142 : Effective

 

GENERAL TERMS AND CONDITIONS

20. GAS TITLE TRANSFERS

20.1 Title Transfers of Gas in Storage:

(a) A Customer that has executed a Storage Service Agreement under Rate

Schedules FSS, SFS, IL or IP and a Hub Services Agreement may sell Storage

Inventory to any other Customer that has executed a Storage Service Agreement

under Rate Schedules FSS, SFS, IL or IP if:

(1) Customer selling Storage Inventory provides notification to Liberty's

Gas dispatcher prior to the nomination deadline and provides Liberty with

written verification of the transfer within three (3) Business Days; and

(2) The purchase does not cause either Customer to exceed its Maximum

Storage

Quantity, Maximum Loan Quantity, or Maximum Park Quantity, as applicable and as

specified in the Customer's Storage Service Agreement (Exhibit B of Customer's

Hub Services Agreement), or cause either Customer's balance to go below zero.

(b) Liberty will recognize the transfer for purposes of computing available

Storage Inventory on a prospective basis within 24 hours after receiving the

notification. In the event the required written verification is not received,

the transfer will no longer be recognized and the Storage Inventory for each

Customer will be restated to reflect the reversal of the transfer.

(c) For each title transfer of Gas in storage performed by Customer under

this Section, the transferring Customer shall pay the Gas title transfer rate

set forth in Article III of Customer's Storage Services Agreement.

20.2 Title Transfers of Gas

(a) Transfers of title between Customers and/or Storage Service Agreements

under which Gas is wheeled on Liberty's system may be permitted by Liberty at

Point(s) of Receipt and Point(s) of Delivery located on Liberty's system on an

Interruptible basis.

(b) Requests for such transfers shall be made in accordance with the

nomination procedures set forth in Section 8, Nominations and Scheduling, of

the General Terms and Conditions herein. Liberty shall not unreasonably

withhold approval of such transfers.

(c) For each title transfer nominated by Customer under Section 20.2(b)

herein, the transferring Customer shall pay the Gas title transfer rate set

forth in Exhibit B of Customer's Hub Services Agreement.