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. 63 Eighth Revised Sheet No. 63

Superseding: Seventh Revised Sheet No. 63

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

4.5 Creditworthiness (continued)

 

Transporter will also permit another entity to guarantee in writing

Shipper's requirement, provided that the guarantor has sufficient

credit available, as determined by Transporter in accordance with

this provision upon such terms and conditions as are determined

acceptable by Transporter. Transporter may, without waiving any

rights or remedies it may have, suspend further service until such

acceptable security is received by Transporter. Upon Shipper's

establishment of an acceptable credit record or upon expiration of

the Agreement, Transporter shall refund Shipper's deposit with

interest accrued at rates set pursuant to 18 CFR Section

154.501(d). Transporter will apply these standards of

creditworthiness on a consistent, nondiscriminatory basis.

 

4.6 Discounted Rates.

 

(a) Transporter and Shipper may agree that a specified discounted

rate will apply for firm and interruptible storage service

provided under the following conditions: 1) only to certain

specified firm entitlements or specified quantities under an

Agreement; 2) only if specified quantity levels are actually

achieved under this Agreement (with higher rates, charges, and

fees applicable to all quantities above those levels, or to

quantities under the Agreement if the specified levels are not

achieved); 3) only during specified time periods; and/or 4) in

a specified relationship to quantities actually maintained in

storage (i.e., that the rates will be adjusted in a specified

relationship to quantities actually stored); provided,

however, that any such discounted rates shall be between the

minimum and maximum rates applicable to service under this

Agreement.

 

(b) In the event rates are discounted, the components of the

currently applicable Maximum Rate shall be discounted in the

following order (1) Gas Research Institute Surcharge, if

applicable, and (2) the base rate reservation charge.

 

4.7 Governmental Regulation. Any Agreement executed pursuant to the

Terms and Conditions of this Tariff is subject to present and future

valid orders of duly constituted authorities having jurisdiction

over the subject matter thereof. Upon cessation of such jurisdiction

or control, all rights and obligations set forth in the Agreement

shall continue in effect.