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.