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
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
(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.