Young Gas Storage Company, Ltd.

Original Volume No. 1

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Effective Date: 08/01/2010, Docket: RP10-921-000, Status: Effective

Eighth Revised Sheet No. 51 Eighth Revised Sheet No. 51

Superseding: Seventh Revised Sheet No. 51

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

1.43 "Point of Withdrawal" shall mean that point where Transporter

Tenders Gas from Transporter's Storage Field for the account of

Shipper.

 

1.44 "Products" shall mean liquid and liquefiable hydrocarbons, inerts

(including, but not limited to, helium and nitrogen), sulfur, water,

and any other component of Gas removed by processing or compression,

or by means of drips or separators.

 

1.45 "Quick Response" shall mean the preliminary response record

generated by Transporter and made available via EDM to the

Nominating Party indicating the successful receipt of a Nomination

and the fact that such Nomination is correct and able to be

processed or is incorrect and rejected. Transporter's Quick Response

shall conform to the requirements of the Data Dictionary standards

as set forth in NAESB Standard 1.4.2.

 

1.46 "Rank" shall mean the relative value provided at the Nominating

Party's option as a data element in a Nomination. Such value shall

indicate the Nominating Party's requested scheduling priority among

Nominations for the same period under the same contract. One (1)

shall indicate the highest priority and nine hundred ninety-nine

(999) the lowest (NAESB Standard 1.3.23).

 

1.47 "Releasing Shipper" is any Shipper who has a Storage Service

Agreement and has Storage Service provided under Rate Schedule FS-1

who elects to release all or a portion of its firm capacity, subject

to the capacity release program as contained in Section 9 of these

General Terms and Conditions.

 

1.48 "Render" shall mean postmarked, or electronically delivered via

Electronic Communication.

 

1.49 "Replacement Capacity Agreement" is an agreement between Transporter

and Replacement Shipper setting forth the rate(s) and the terms and

conditions of the service for using capacity rights acquired

pursuant to Section 9 of these General Terms and Conditions.

 

1.50 "Replacement Shipper" is any Shipper who acquires capacity rights

from a Releasing Shipper through Transporter's capacity release

program as contained in Section 9 of these General Terms and

Conditions.