Central New York Oil And Gas Company, LLC

Original Volume No. 1

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Effective Date: 09/01/2005, Docket: RP05-404-000, Status: Effective

Second Revised Sheet No. 24 Second Revised Sheet No. 24 : Effective

Superseding: First Revised Sheet No. 24

RATE SCHEDULE FSS (continued)

 

7.7 Releases of 31 Days or Less. Capacity Releases

and Pre-Arranged Releases for a period of 31 Days

or less need not comply with Section 7.1. Notices

of releases shall be posted on Seller's Internet

website within forty-eight (48) hours after

release transaction commences. Releases of a

period of 31 Days or less may not roll-over,

extend, or continue in any way without complying

with Section 7.1, and may not be re-released to

the same Replacement Customer until twenty eight

(28) Days after the first release period has

ended.

 

7.8 All potential Replacement Customers that desire to

bid on released capacity must pre-qualify with

Seller by submitting the information required in a

Service Request Form and by demonstrating

creditworthiness in the same manner and subject to

the same standards and procedures as required for

Customers under Rate Schedule FSS. Seller shall

not award capacity release offers to a Replacement

Customer until and unless the Replacement Customer

meets the Seller's creditworthiness requirements

applicable to all services that it receives from

the Seller, including the service represented by

the capacity release. Once the conditions of this

Tariff are met and the terms and conditions

specified in the Releasing Customer's offer to

release are met, the Replacement Customer will

then be considered as any other Customer on

Seller's system. Any such Replacement Customer

must comply with all provisions of Seller's FERC

Gas Tariff. Prior to the commencement of service

pursuant to any release request, the Replacement

Customer shall submit to Seller, in accordance

with Section 2.1 of the General Terms and

Conditions of this FERC Gas Tariff, a check in an

amount equal to the lesser of $10,000 or the

aggregate reservation charges which would be due

for two Months of released service.

 

8. GAS IN STORAGE AFTER TERMINATION OF AGREEMENT

 

If a Customer that has not renewed its FSS Service

Agreement, or that has released storage capacity, fails to

withdraw its Working Storage Gas by the date such FSS Agreement

terminates or the capacity release becomes effective, then, at

Seller's option, and upon forty-eight (48) hours notice,

Customer will be deemed to have agreed to the Storage of such

remaining Working Storage Gas under Rate Schedule ISS or at

Seller's option, Seller may retain any remaining quantities of

Working Storage Gas free and clear of any adverse claims;

provided however, that Seller will notify Customer in writing

prior to November 1 of the