Steuben Gas Storage Company

Original Volume No. 1

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

First Revised Sheet No. 16 First Revised Sheet No. 16 : Effective

Superseding: Original Sheet No. 16

RATE SCHEDULE FS

FIRM STORAGE

(Continued)

Seller shall credit the invoice of Releasing Customer each

Month for the Deliverability and Capacity charges and

volumetric rates invoiced by Seller to Replacement Customer

provided, however, that such credit:

(a) shall not include any charges billed to the Replacement

Customer under Section 5 of this Rate Schedule or Rate

Schedule IS, and

(b) shall be reduced by the amount of any marketing fee

Seller is entitled to collect pursuant to Section 7.4 of

this Rate Schedule.

If a Replacement Customer fails to pay all or any part of its

Deliverability and Capacity charges which have been credited

to Releasing Customer within fifteen (15) days of the due

date, such unpaid amount, with applicable interest, pursuant

to Section 8.2 of the General Terms and Conditions, accruing

from the date Replacement Customer's payment was due, will be

charged to the Releasing Customer's next monthly bill and will

be due and payable by Releasing Customer, unless Replacement

Customer in good faith shall dispute the billed charges in

accordance with the provisions set forth in Section 8.2 of the

General Terms and Conditions. If such failure to pay continues

for thirty (30) days after payment is due, and the Replacement

Customer has not disputed billings in accordance with Section

8.2 of the General Terms and Conditions, then Seller may, in

addition to any other remedies it may have hereunder,

terminate its Agreement with the Replacement Customer, and the

Replacement Customer shall be deemed to have consented to

abandonment of service under the Agreement. If the Agreement

with the Replacement Customer is so terminated and service

abandoned, the capacity will revert to the Releasing Customer,

and will be governed by the terms and conditions of its

existing Agreement with Seller. If Releasing Customer pays

delinquent amounts owed by Replacement Customer and Seller

subsequently receives payment from Replacement Customer of

some or all of such amounts, Seller will credit the amounts

received from the Replacement Customer in Seller's next

monthly bill to the Releasing Customer.