Puget Sound Energy, Inc.

Original Volume No. 1

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Effective Date: 11/01/1998, Docket: CP98-250-002, Status: Effective

Original Sheet No. 9 Original Sheet No. 9 : Effective

 

 

ARTICLE 1. DEFINITIONS

 

As used in this Agreement with the initial letters capitalized

(whether in the singular or plural), the following words and terms

shall have their respective meanings indicated immediately below:

 

1.1 Affiliate

 

"Affiliate" means, with respect to an Owner, (a) any Person that

directly or indirectly, through one or more intermediaries,

controls or is controlled by or is under common control with, such

Owner; (b) any officer, director, general partner or member of

such Owner; and (c) any Person who is an officer, director or

general partner or member of any Person described in clauses (a)

or (b) of this definition. For purposes of this definition

"control" includes the terms "controlled by" and "under common

control with" and means (i) the possession, direct or indirect, of

the power to direct or cause the direction of the management and

policies of a Person, or (ii) the ownership or possession, direct

or indirect, of over fifty percent (50%) of the aggregate ordinary

voting power represented by the outstanding capital stock (or

other voting equity interest) of such Person.

 

1.2 Available Working Gas Inventory

 

"Available Working Gas Inventory" of an Owner means the quantity

of Working Gas Inventory of such Owner available for withdrawal by

such Owner on any Day during the Storage Cycle and shall be equal

to the Working Gas Inventory of such Owner reduced by the

Unavailable Working Gas Inventory of such Owner.

 

1.3 Best Efforts Withdrawal Deliverability

 

"Best Efforts Withdrawal Deliverability" of an Owner means the

right of such Owner to receive natural gas, on a daily best

efforts basis, from the Storage Project. Best Efforts Withdrawal

Deliverability is such Owner's Share of the Project Best Efforts

Withdrawal Deliverability multiplied by the Project Best Efforts

Withdrawal Deliverability as set forth