Southwest Gas Storage Company

First Revised Volume No. 1

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Effective Date: 03/01/2004, Docket: RP04-146-000, Status: Effective

First Revised Sheet No. 133 First Revised Sheet No. 133 : Effective

Superseding: Original Sheet No. 133

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

8. RIGHT OF FIRST REFUSAL (Continued)

 

(D) Shipper shall respond to Southwest within thirty (30) days

after Southwest's notification whether it will match the

economic value of the offer for the Quantity of Gas Shipper

wishes to retain.

 

(E) If Shipper agrees to match the economic value of such offer

for the Quantity of Gas Shipper wishes to retain, Shipper

shall execute a new Storage Service Agreement matching the

economic value of the offer within thirty (30) days after

Southwest tenders the Storage Service Agreement to Shipper.

 

8.3 Southwest shall not be obligated to tender, execute or extend a

Storage Service Agreement for service at any rate less than the

Maximum Rate set forth on the effective Tariff Sheets applicable

to the service requested. It shall be within Southwest's sole

discretion to tender, execute or extend a Storage Service

Agreement at any rate and economic value less than the applicable

Maximum Rate and economic value for the service requested.

 

8.4 A party desiring to bid on capacity that is subject to a right of

first refusal must first meet all of the requirements for a

request for service set forth in Section 2 herein, including

submission of the applicable payment under Section 2.6 herein.