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. 218 Original Sheet No. 218 : Effective

 

 

FIRM LOAN SERVICE AGREEMENT

 

(For Use Under Rate Schedule FL)

 

This Agreement is made as of the ______day of_____________, ____, by

and between BLUEWATER GAS STORAGE, LLC, a Delaware limited liability

company herein called "BLUEWATER," and ________________, an

__________, herein called "Customer," (each of BLUEWATER and

Customer, a "Party," and collectively, the "Parties") ,pursuant to

the following recitals and representations:

 

WHEREAS, BLUEWATER owns and operates an underground natural gas

storage facility known as the Bluewater Gas Storage facility,

located in Michigan, and is authorized to provide natural gas

storage and related services in interstate commerce by way of the

Bluewater Gas Storage facility; and

 

WHEREAS, Customer has requested that BLUEWATER provide certain

firm loan natural gas storage services for Customer; and

 

WHEREAS, BLUEWATER has agreed to provide such firm loan storage

services for Customer subject to the terms and conditions set

forth in this Agreement.

 

NOW, THEREFORE, BLUEWATER and Customer agree as follows:

 

ARTICLE I - SCOPE OF AGREEMENT

 

Following the commencement of service hereunder, in accordance with

the terms of BLUEWATER's Rate Schedule FL, and of this Agreement,

BLUEWATER shall on demand on any Day of the Withdrawal Period allow

Customer to nominate for withdrawal and delivery a quantity of Gas

up to Customer's Maximum Daily Withdrawal Quantity of ____ Dth, and

shall on any Day of the Injection Period receive for injection into

storage for repayment of Customer's Loan Balance a quantity of Gas

up to Customer's Maximum Daily Injection Quantity of ____ Dth.

Withdrawals shall occur under this Agreement beginning on the first

day of the Primary Term (as defined in Article V) and ending on

________________, ____ ("Withdrawal Period"), such that Customer's

Loan Balance at the end of the Withdrawal Period is equal to

Customer's Maximum Loan Quantity of __________ Dth. Injections

shall occur under this Agreement beginning on ________________, ____

and ending on the last day of the Primary Term ("Injection Period"),

such that Customers Loan Balance shall equal zero (0) at the end of

the Injection Period. There shall be no injections or withdrawals

under this Agreement from the end of the Withdrawal Period until the

beginning of the Injection Period.

 

ARTICLE II - POINTS OF RECEIPT AND DELIVERY

 

The point(s) at which the Gas is to be tendered by Customer to

BLUEWATER under this Agreement shall be the point(s) designated on

Exhibit "A" hereto (Customer's Point(s) of Receipt).

 

The point(s) at which the Gas is to be tendered by BLUEWATER to

Customer under this Agreement shall be the point(s) designated on

Exhibit "A" hereto (Customer's Point(s) of Delivery).