Puget Sound Energy, Inc.

Original Volume No. 1

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

Original Sheet No. 23 Original Sheet No. 23 : Effective

1.61 Unrelated Person

"Unrelated Person" of an Owner means any Person that is neither

such Owner nor an Affiliate of such Owner.

1.62 Weighted Share

"Weighted Share" of an Owner with respect to Capital Costs, O&M

Costs and allocation of gains and losses pursuant to Section 8.2

means such Owner's respective share thereof as set forth in

Exhibit B as such exhibit may be revised in accordance with this

Agreement.

1.63 Working Gas Inventory

"Working Gas Inventory" of an Owner means the amount, if any, by

which the Gas Inventory of such Owner differs from the Cushion Gas

Inventory of such Owner.

1.64 WUTC

"WUTC" means the Washington Utilities and Transportation

Commission or its regulatory successor.

ARTICLE 2. OWNERSHIP

2.1 Representations and Warranties of Owners

Each Owner represents and warrants that the execution and delivery

of this Agreement by such Owner, and such Owner's performance

thereunder, will not conflict with any provision of law or of the

charter or bylaws of such Owner, or conflict with or constitute a

default under any indenture, mortgage, or other contract or

agreement of such Owner (except as to certain Storage Gas Service

Agreements, until such time as such agreements are terminated or

modified to conform) or any order of any