Liberty Gas Storage, LLC

Original Volume No. 1

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Effective Date: 05/07/2007, Docket: RP07-357-002, Status: Effective

Original Sheet No. 155A Original Sheet No. 155A : Effective

 

GENERAL TERMS AND CONDITIONS

(continued)

35. OPERATIONAL SALES

Liberty may sell gas from time to time to which it has retained or taken title

pursuant to the provisions of this Tariff and which is in excess of its

operational requirements. Such operational sales may be made to the extent

necessary: (i) to maintain cavern pressure; (ii) to balance fuel quantities

under storage agreements; (iii) to manage storage imbalance quantities; and/or

(iv) to perform other operational functions in connection with the storage and

other services provided by Liberty under this Tariff. Further, such

operational sales shall be afforded the lowest service priority as established

the General Terms and Conditions of this tariff. In its semi-annual report

filed pursuant to Section 284.13 of the Commission’s regulations, Liberty

shall provide an explanation of the reasons for any operational sales, a

description of such sales (consisting of date of each sale, the quantity

and the price), and an explanation of how such sales are for operational

purposes, are limited in volume and duration, and are incidental to its

primary storage services. Prior to each operational sale of gas, Liberty

shall post the following information on its Internet Web Site: (a) the

quantity of gas to be sold; (b) any minimum quantity for bidding; (c) the

date and time when all bids shall be due; (d) the date(s) when the gas will

be purchased or sold; (e) any minimum or maximum daily quantity to be purchased

or sold; (f) the point where the gas will be purchased or sold; and (g) the

criteria to be used by Liberty in evaluating and selecting bids.