Young Gas Storage Company, Ltd.

Original Volume No. 1

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Effective Date: 06/01/1996, Docket: RP96-226-000, Status: Effective

First Revised Sheet No. 39 First Revised Sheet No. 39 : Superseded

Superseding: Original Sheet No. 39

 

 

FORM OF STORAGE SERVICE AGREEMENT

APPLICABLE TO RATE SCHEDULE IS-1

(Continued)

 

3.3 Changes in Rates and Terms. Young shall have the right to propose

to the FERC such changes in its rates and terms of service as it

deems necessary, and this Agreement shall be deemed to include any

changes which are made effective pursuant to FERC order or

regulation or provisions of law, without prejudice to Customer's

right to protest the same.

 

ARTICLE IV

TERM

 

4.1 Effective Date. This Agreement shall become effective on _______.

 

4.2 Termination Date. This Agreement shall continue in full force and

effect for a term _______________________________________.

 

4.3 Termination Obligations. Termination of this Agreement shall not

relieve Young or Customer of the obligation to correct any

quantity imbalances, or relieve Customer of the obligation to pay

money due Young. All warranties and indemnities shall survive the

termination of this Agreement.

 

ARTICLE V

CANCELLATION OF PRIOR CONTRACTS

 

5.1 Cancellation of Prior Contracts. When this Agreement becomes

effective, it shall supersede and cancel the following contract(s)

between the Parties hereto:

 

ARTICLE VI

OTHER OPERATING PROVISIONS

 

6.1 Daily Nominations. Unless otherwise agreed, Customer shall submit

daily nominations to Young 4 hours prior to the beginning of the

Day of Tender. Nominations shall be made for each Agreement and

shall be submitted by Electronic Transmission and shall specify

the quantities which Customer intends to Tender at the Point of

Injection or to receive at the Point of Withdrawal. It shall be

Customer's responsibility to ensure that proper arrangements have

been made with any downstream pipeline for the Tender by Young for

Withdrawal Quantities.