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. 58 Original Sheet No. 58 : Effective
7.13 In Field Transfer
Owners may agree to transfer portions of their respective
Available Working Gas Inventories among themselves. Transfers of
Available Working Gas Inventory shall not result in any Owner
taking title to Working Gas Inventory quantities in excess of such
Owner's Storage Service Rights. Owners participating in a
transfer of Available Working Gas Inventory shall provide written
notice to the Project Operator of the quantities involved prior to
ARTICLE 8. GAS GAINS, LOSSES AND FUEL USE
8.1 Risk of Gas Loss
Each Owner will be responsible for insuring its own interest
against risk of gas loss.
8.2 Allocation of Gains and Losses
Except for gas loss in connection with an expansion or an addition
pursuant to ARTICLE 4 and except for occurrences resulting from
the Project Operator's willful misconduct or any other Owner's
gross negligence or willful misconduct, each Owner shall be
responsible for gas loss or benefit from gas gain in the Storage
Project, notwithstanding provisions addressing indemnification.
8.2.1 Each calendar year, the net monthly gas gain or gas loss,
including loss of line-pack owned by the Storage Project, but
exclusive of such losses which relate to additions to or
expansions of the Storage Project, will be accumulated and
apportioned among the Owners pursuant to each Owner's Weighted
Share of Capital Costs, as set forth on Exhibit B.
8.2.2 Net gas loss will be replaced in-kind as and when directed
by the Project Operator.
8.2.3 Net gas gains will be allocated to each Owner's account.