Bluewater Gas Storage, LLC

Original Volume No. 1

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Effective Date: 12/13/2008, Docket: RP09-75-000, Status: Effective

First Revised Sheet No. 45 First Revised Sheet No. 45

Superseding: Original Sheet No. 45

 

IHBS RATE SCHEDULE

INTERRUPTIBLE HOURLY BALANCING SERVICE

(Continued)

 

necessary regulatory and governmental approvals from the U.S.

Department of Energy, the National Energy Board of Canada and any

other agency having jurisdiction to import and export natural gas

from and to the United States and Canada, as applicable.

 

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 Interruptible

Hourly Balancing 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

Interruptible Hourly Balancing Service Agreement(s) specifying

such rates.

 

7. CURTAILMENT

 

If, due to any cause whatsoever, BLUEWATER's capability to

receive or deliver quantities of Gas is impaired so that BLUEWATER

is unable to receive or deliver the quantities provided for in its

Storage Service Agreements with Customers for Interruptible

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 Interruptible Hourly Balancing 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 IHBS 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.