Richfield Gas Storage System

Substitute Volume No. 1

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Effective Date: 08/01/1997, Docket: RP97-150-007, Status: Effective

First Revised Sheet No. 40 First Revised Sheet No. 40 : Superseded

Superseding: Original Sheet No. 40

quantities of gas have been redelivered for the account of

Customer at the Point of Delivery and Redelivery, after which,

as between the parties hereto, Customer shall be deemed to be

in exclusive control and possession of such gas and as between

the parties hereto, shall be responsible for any and all injury

or damage caused thereby.

 

10. BANKRUPTCY AND CREDITWORTHINESS

 

If a receiver shall have been appointed over the whole or part

of any of the assets of Richfield or if a petition is filed by

or against Richfield initiating any bankruptcy or

reorganization proceeding and such proceeding shall have not

been stayed or dismissed within ninety (90) days after such

filing, or if Richfield makes an assignment for the benefit or

creditors, or if any order is make or resolution adopted for

the dissolution (unless such order or resolution is adopted as

part of a scheme for the recapitalization, merger or

consolidation) of Richfield or if Richfield becomes insolvent,

then Customer shall have the right to elect to terminate the

Agreement upon written notice to Richfield. If Customer serves

such a written notice, Customer shall withdraw, in accordance

with the terms of the Agreement, any gas then remaining in

storage, during the next Winter Period, but in no event later

than twelve (12) months after Customer's written notice of

termination. The Agreement will terminate upon such removal

and Customer's payment of Richfield invoice for the month in

which such removal is completed.

 

11. ELECTRONIC BULLETIN BOARD

 

Richfield maintains its Electronic Bulletin Board ("EBB") on

the Internet's World Wide Web at www.richfieldgasstorage.com.

Richfield's EBB provides all information required to be posted

thereon under regulations of the FERC, together with such

additional information as Richfield considers appropriate.

Richfield's EBB provides the technical features specified in

section 284.10(a) of the regulations of the FERC. Information

is posted on Richfield's EBB on the following subjects: