Steuben Gas Storage Company

Original Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-177-001, Status: Effective

Original Sheet No. 15B Original Sheet No. 15B : Effective

RATE SCHEDULE FS

FIRM STORAGE

(Continued)

Central Clock Time on the Day before nomination Day,

unless bidder was a contingent bidder and the contingency

did not occur. Seller will tender a numbered Agreement to

the winning bidder by 10:00 a.m. Central Clock Time of

the day nominations are due, and the winning bidder shall

enter into an Agreement with Seller pursuant to Section

7.2. Seller is required to meet the Capacity Release

Timeline for processing capacity releases only if the

Releasing Customer's best bid methodology is either: (1)

highest rate, (2) net revenue, or (3) present value. In

all cases, Replacement Customers will be subject to all

requirements of this Tariff. Storage service to the

Replacement Customer may commence, prior to the posting

of the winning bid, if capacity has been awarded and a

contract executed.

7.2 Execution of Service Agreement. Once the provisions of this

Section 7 are satisfied and as a condition precedent to

receiving service pursuant to a capacity release, Seller and

Replacement Customer shall execute a Service Agreement.

7.3 Billing Adjustment. Releasing Customer shall remain fully

obligated under the terms of its Service Agreement with Seller

during any capacity release except for usage charges

incurred by any Replacement Customer that has purchased

capacity released by the Releasing Customer.