Steuben Gas Storage Company

Original Volume No. 1

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Effective Date: 06/27/1996, Docket: CP96- 35-002, Status: Effective

Original Sheet No. 156 Original Sheet No. 156 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

15. TITLE TRANSFERS OF GAS IN STORAGE

 

15.1 A Customer may sell working storage gas to any other Customer

under a Rate Schedule with the same priority, either firm or

interruptible, if:

 

(a) Both purchaser and seller of the Working Storage Gas

provides Steuben with verification of the transfer in

writing; and

 

(b) The purchase does not cause either Customer to exceed

its Maximum Storage Quantity, as specified in the

Customer's Service Agreement.

 

15.2 Steuben will recognize the transfer for purposes of computing

available Working Storage Gas and applicable Injection and

Withdrawal Quantities on a prospective basis within 24 hours

after receiving the written verification required by Section

15.1(a).

 

16. RATE SCHEDULE IS REVENUE CREDIT

 

A billing adjustment shall be made to Rate Schedule FS

Customer's bills rendered pursuant to Section 8 of these General

Terms and Conditions, to reflect the credit, if any, for Rate

Schedule IS Revenues collected by Seller. Seller shall credit

100 percent of the Rate Schedule IS revenues attributable to

fixed cost. Seller shall not credit the portion of the Rate

Schedule IS revenues reflecting Seller's usage charge (variable

cost). A pro rata allocation of such revenue will be credited to

each Rate Schedule FS Customer, and will appear on the invoice

for the next Month's business following actual receipt by Seller

of such revenues.

 

Each FS Rate Schedule Customer will receive a Monthly credit

based upon the following formula:

 

X (Y / Z), where:

 

X = Total IS Revenues collected by Seller in a Month

Y = The Maximum Storage Quantity such Rate Schedule FS Customer

had a right to store in the Month IS service performed; and

Z = The Sum of all Rate Schedule FS Customers' Maximum Storage

Quantities in the Month IS service performed