Young Gas Storage Company, Ltd.
Original Volume No. 1
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Effective Date: 08/01/2010, Docket: RP10-921-000, Status: Effective
Ninth Revised Sheet No. 11 Ninth Revised Sheet No. 11
Superseding: Eighth Revised Sheet No. 11
RATE SCHEDULE FS-1
STORAGE SERVICE - FIRM
(c) Shipper's MDIQ shall be reduced pursuant to the ADIQ chart
provided in Section 1 of the General Terms and Conditions.
(d) Shipper shall have no more than 26 percent of MAC in storage
between and including June 1 and July 1 of each year, unless
Transporter determines, on a non-discriminatory basis, that
retention of a higher quantity of Gas will not adversely affect
Transporter's storage reservoirs. In such instance, Transporter
shall specify the higher level Shipper may maintain.
(e) The above requirements notwithstanding, 100 percent of all
quantities stored hereunder shall be withdrawn upon expiration
of the term of the Agreement.
2.3 If, on any Day during the Withdrawal Period, Shipper requests
Transporter to withdraw and Deliver to Shipper a quantity of Gas
within Shipper's Available Daily Withdrawal Quantity (ADWQ) and
Transporter fails to do so, then Shipper's obligation to withdraw
its Gas shall be extended by the number of Days that Transporter
failed to withdraw and Deliver the quantity requested by Shipper.
Any quantities required to be withdrawn which have not been
withdrawn as provided hereunder shall become the property of
Transporter without charge and shall be free and clear of any
2.4 This service shall be subject to Section 9 of the General Terms and
Conditions pertaining to capacity release.
3. STORAGE SERVICE CHARGES
3.1 Applicable Rates. The applicable minimum and maximum rates for
service under Rate Schedule FS-1, or any superseding rate schedule,
are set forth on the Statement of Rates. Shipper's liability for
the storage capacity charge and the reservation charge shall begin
to accrue on the effective date set forth in the Agreement. A
Shipper may elect at any time to prepay storage capacity and
reservation charges under the Agreement.
3.2 Storage Capacity Charge. Each Month, Shipper shall be charged an
amount obtained by multiplying the Storage Capacity Rate as set
forth in Exhibit A of the Agreement by the Shipper's MAC.
3.3 Reservation Charge. Each Month, Shipper shall be charged an amount
obtained by multiplying the Reservation Rate as set forth in Exhibit
A of the Agreement by Shipper's MDWQ.