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.