Liberty Gas Storage, LLC

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

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

Original Sheet No. 217 Original Sheet No. 217 : Effective

 

FORM OF SERVICE AGREEMENT FOR CAPACITY RELEASE UMBRELLA AGREEMENT UNDER

RATE SCHEDULES FSS AND SFS

This Capacity Release Umbrella Agreement, made and entered into this___day of

_________, ______by and between___________________ , a _______________ (herein

called “Replacement Customer”), and Liberty GAS STORAGE LLC, a Delaware limited

liability company herein called “Liberty ”,

W I T N E S S E T H:

WHEREAS,

NOW, THEREFORE, for and in consideration of the mutual covenants and promises

herein contained, the Replacement Customer and Liberty hereby agree as follows:

ARTICLE I SCOPE OF AGREEMENT

Subject to the terms, conditions and limitations hereof, so long as the

financial evaluation and credit appraisal requirements are met in order for

Replacement Customer to be on Liberty's approved bidder list for capacity

releases and to execute this Capacity Release Umbrella Agreement pursuant to

Section 4 of the General Terms and Conditions of Liberty's FERC Gas Tariff, and

this Capacity Release Umbrella Agreement is effective, Replacement Customer may

bid from time to time on proposed capacity releases under Rate Schedules FSS

and SFS pursuant to the procedure set forth in Section 4 of Liberty's General

Terms and Conditions. If at any time a bid submitted by Replacement Customer

is accepted by Liberty with respect to a given capacity release, Liberty will

promptly finalize the appropriate Addendum to this Capacity Release Umbrella

Agreement, in the format attached hereto. The parties agree that each Addendum

is an integral part of this Capacity Release Umbrella Agreement as if executed

by the parties hereto and fully copied and set forth herein at length and is

binding on the parties hereto. Upon finalization of such Addendum, Replacement

Customer and Liberty agree that Replacement Customer shall be considered for

all purposes as a Customer with respect to the released service.

Upon the finalization of an Addendum, subject to the terms, conditions and

limitations hereof and of Liberty's Rate Schedules FSS and SFS, Liberty agrees

to provide the released service for Replacement Customer under the applicable

Rate Schedule, provided however, the Replacement Customer shall have qualified

under the financial evaluation and credit appraisal requirements set forth in

Section 3 of Liberty's General Terms and Conditions at the time it submitted

the bid Liberty accepted with respect to such release.

Replacement Customer hereby agrees promptly to provide any information

necessary for Liberty to reevaluate Liberty's credit appraisal as contemplated

by Section 3 of Liberty's General Terms and Conditions and to advise Liberty of

any material change in the information previously provided by the Replacement

Customer to Liberty.