Bluewater Gas Storage, LLC

Original Volume No. 1

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Effective Date: 12/01/2006, Docket: CP06-351-001, Status: Effective

Original Sheet No. 23 Original Sheet No. 23 : Effective

 

 

 

 

FSS RATE SCHEDULE

FIRM STORAGE SERVICE

(Continued)

 

6.2 BLUEWATER shall have the right to propose to FERC or any

other governing regulatory body such changes in its rates and terms

of service as it deems necessary, and the Firm Storage Service

Agreement executed by the parties shall be deemed to include any

changes which are made effective pursuant to order or regulation or

provisions of law, without prejudice to Customer's right to protest

the same; provided however, that any market-based rates negotiated

between BLUEWATER and its Customer(s) shall remain in effect during

the term(s) of the Firm Storage Service Agreement(s) specifying such

rates.

 

7. CURTAILMENT

 

If, due to an emergency situation or when unexpected capacity

loss occurs after scheduling, BLUEWATER's capability to receive or

deliver quantities is impaired so that BLUEWATER is unable to

receive or deliver the quantities provided for in its Storage

Service Agreements with Customers for Firm Storage Services, then

capacity, withdrawals and/or injections will be allocated according

to the priority of service as set forth in Section 5 of the General

Terms and Conditions of this FERC Gas Tariff.

 

8. EXPIRATION OF TERM

 

8.1 Upon expiration without renewal or upon termination of

Customer's Firm Storage Service Agreement, any of Customer's Gas

remaining in the BLUEWATER storage facility shall be deemed sold to

BLUEWATER at a price equal to 80% of the price realized for such Gas

pursuant to an auction held in accordance with Section 32 of the

General Terms and Conditions of this FERC Gas Tariff. However, if

Customer was unable to withdraw its FSS Gas quantities due to an

interruption of Customer's withdrawal service by BLUEWATER during

the last ten Days before termination, Customer shall be allowed to

withdraw its Gas within a reasonable period following the end of the

contract term.

 

8.2 Payment for the remaining quantities of Gas shall appear

as a credit on the last statement rendered by BLUEWATER to Customer.

To the extent that the credit exceeds the total charges in that

statement, the difference shall be paid by BLUEWATER to Customer on

or before the 25th day of the Month following the Month of such

expiration or termination.

 

8.3 In the event that BLUEWATER purchases and takes title to

any of Customer's Gas pursuant to this Section 8, BLUEWATER shall

dispose of such Gas by auction and shall credit the net proceeds

received from such auction in accordance with the provisions of

Section 32 of the General Terms and Conditions of this FERC Gas

Tariff.