Wyckoff Gas Storage Company, LLC
Original Volume No. 1
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Effective Date: 12/31/9999, Docket: RP09- 444-000, Status: Accepted
Original Sheet No. 11 Original Sheet No. 11
any Gas in storage, and shall hold Transporter harmless
from any loss, cost, or expense arising from any loss of storage Gas
that results from a force majeure event or that is not the result of
intentional or grossly negligent acts or omissions of Transporter.
6. NOTICES
(a) In the event that Transporter determines, in its sole
discretion, that some or all Interruptible Storage Service(s) must be
interrupted in order to satisfy Transporter’s obligations to Firm
Storage Service Shippers, or that such interruption is otherwise
necessary or is otherwise appropriate to avoid adverse impact on the
operation of Transporter’s system, Transporter will notify any affected
shipper receiving Interruptible Storage Service that they are required
to reduce their Interruptible Storage Balance(s) over the period
specified in the notice. Such notice shall be issued to Shippers, via
email or facsimile, on a price basis, where lower price services will
be noticed before higher price services. At a minimum, Shippers will
have one Day in which to comply with the notice.
(b) If Shipper fails to comply with the notice given in
accordance with Section 6(a) above, Transporter shall cash out the
Storage Balance quantity that Shipper was advised, but failed to reduce
or eliminate, at the replacement cost of the Gas plus ten percent (10%)
for negative Interruptible Storage Balances or the sale price of the
Gas less ten percent (10%) for positive Interruptible Storage Balances.
(c) Transporter may issue a notice requiring any Shipper with
an Interruptible Storage Balance of less than 50 Dth to eliminate its
existing Interruptible Storage Balance within thirty (30) Days. Such
notice shall be issued by Transporter to Shipper via email or
facsimile. If Shipper fails to comply with this notice, any positive
Interruptible Storage Balance remaining after thirty (30) Days will be
cashed out at 80% of the lowest Minimum Daily Gas Index calculated
during the thirty (30) Day period, and any negative Interruptible
Storage Balance remaining after thirty (30) Days will be cashed out at
120% of highest Maximum Daily Gas Index calculated during the thirty
(30) Day period.
7. SERVICE AGREEMENT TERMINATION
Unless a shorter period of time is imposed in a notice issued in
accordance with Section 6(a) above, Shipper shall eliminate any
outstanding Interruptible Storage Balance within sixty (60) Days of
termination of its Interruptible Storage Service Agreement. If Shipper
fails to eliminate such balance, any positive Interruptible Storage
Balance remaining after sixty (60) Days after termination will be
cashed out at 50% of lowest Minimum Daily Gas Index calculated during
the sixty (60) Day period, and any negative Interruptible Storage
Balance remaining after sixty (60) Days will be cashed out at 120% of
the highest Maximum Daily Gas Index calculated during the sixty (60)
Day period.
8. GENERAL TERMS AND CONDITIONS
All of the General Terms and Conditions are applicable to this
Rate Schedule and are hereby made a part hereof.