Bluewater Gas Storage, LLC

Original Volume No. 1

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Effective Date: 04/01/2008, Docket: RP08-249-000, Status: Effective

First Revised Sheet No. 50 First Revised Sheet No. 50 : Pending

Superseding: Original Sheet No. 50

IP RATE SCHEDULE

INTERRUPTIBLE PARKING 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 Interruptible

Parking Service Agreement 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 of the Interruptible Parking 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 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 IP

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 at 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.