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. 31 Original Sheet No. 31 : Effective

 

FP RATE SCHEDULE

FIRM PARKING SERVICE

(Continued)

 

8. EXPIRATION OF TERM

 

8.1 Upon expiration without renewal or upon termination of

Customer's Firm Parking 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 FP 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.

 

9. GENERAL TERMS AND CONDITIONS

 

Applicable provisions of the General Terms and Conditions of this

FERC Gas Tariff, as such provisions may be amended from time to

time, are hereby incorporated by reference and made a part of this

FP Rate Schedule, where applicable, and shall supplement the terms

and conditions governing service rendered hereunder, as though

stated herein; provided, however, that in the event of any

inconsistency, the terms of this FP Rate Schedule shall control.