Young Gas Storage Company, Ltd.
Original Volume No. 1
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Effective Date: 08/01/2010, Docket: RP10-921-000, Status: Effective
Second Revised Sheet No. 47H Second Revised Sheet No. 47H
Superseding: First Revised Sheet No. 47H
GENERAL TERMS AND CONDITIONS
(Continued)
1.2 "Average Thermal Content of Gas in Storage" ("ATC") shall be
calculated by dividing the Dekatherms by the Volume, in Mcf, in
Transporter's Storage Field, excluding base Gas, at a point in time.
The ATC shall be assumed to be 1,000 Btu per cubic foot for purposes
of contract entitlement and rate design. Transporter shall monitor
storage injections and withdrawals and calculate the actual ATC of
Gas in storage on October 31 of each year. If the actual ATC
deviates from the currently effective ATC by more than plus or minus
20 Btu per cubic foot, the actual ATC shall become the new effective
ATC and shall be posted on Transporter's electronic bulletin board
on or about November 15 of each year, and a corresponding adjustment
will be made to Rate Schedule FS-1 Shipper's MDIQ, MDWQ and MAC
entitlements and Rate Schedule IS-1 MDQ and MAC. Transporter may
make these annual adjustments for smaller changes in Btu per cubic
foot values if in Transporter's judgment such change is required to
avoid system disruption. The adjustment will be posted on
Transporter's electronic bulletin board as a percentage increase or
decrease in entitlements and each firm storage Shipper's adjusted
entitlements will also be posted. The adjusted entitlements will
take effect upon the first of the Month following posting on
Transporter's electronic bulletin board. If an adjustment pursuant
to this Section causes Shipper to be in an overrun situation,
Shipper will have 30 Days before being subject to overrun charges.
When an adjustment to storage contract entitlement is made pursuant
to this Section, a corresponding adjustment to storage rates will
also be made effective the first of the Month, the Month following
the date such adjustment is posted on Transporter's electronic
bulletin board.
1.3 "Begin Date" shall mean the Day specified by a Shipper on which a
Gas transaction is to begin. Most Gas transactions are to be
effective for a full Gas Day. However, Shippers may indicate a
requested beginning time when submitting Intraday Nominations.
1.4 "Bidding Shipper(s)" is any Shipper who is prequalified pursuant to
Section 9 of the General Terms and Conditions to bid for capacity
or who is a Party to a prearranged release.
1.5 "Btu" shall mean 1 British thermal unit, which is the amount of
heat required to raise the temperature of 1 pound of water 1 degree
from 59 to 60 degrees Fahrenheit. The reporting basis for Btu is
14.73 p.s.i.a. and 60 degrees F (101.325 kPa and 15 degrees C, and
dry). Standardize the reporting basis for gigacalorie as 1.035646
Kg/cm^2 and 15.6 degrees C and dry. Thermal conversion factors
shall be stated using not less than three decimal places. However,
for calculation purposes, not less than 6 decimal places should be
used. (NAESB Standards 2.3.9 and 2.3.10)