Young Gas Storage Company, Ltd.

Original Volume No. 1

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

Seventh Revised Sheet No. 63A Seventh Revised Sheet No. 63A

Superseding: Sixth Revised Sheet No. 63A

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

4.8 Pregranted Abandonment. Transporter has pregranted abandonment

authorization for service provided pursuant to this Tariff. Such

abandonment shall be authorized upon the expiration of the

contractual term unless the service is firm with a term of one year

or more and the firm Shipper, pursuant to Sections 4.3(a) and (b) of

the General Terms and Conditions of this Tariff: (a) exercises any

contractual right to continue such service; or (b) gives notice that

it wants to continue its Storage Service arrangement and will match

the longest term and highest rate for its firm service, up to the

maximum rate under this Tariff for offers by any other Shipper

desiring firm capacity, and executes a contract matching the terms

of any such offer.

 

4.9 Governmental Authorization. Each Party's obligations under an

Agreement incorporating these General Terms and Conditions are

conditioned upon each Party obtaining from governmental authorities

having jurisdiction such authorization as may be necessary, in form

and substance satisfactory to the Party applying therefor. Neither

Transporter nor Shipper shall be required to accept any

authorization which, in the opinion of the Party applying for same,

contravenes, nullifies, or is contrary to any provisions hereof or

of such Agreement.

 

4.10 Applicable Law. Any Agreement executed pursuant to the Terms and

Conditions of this Tariff shall be interpreted according to the laws

of the State of Colorado.

 

4.11 Transporter shall not be obligated to extend or expand a lateral (as

defined in 18 C.F.R. 154.109 (b))except when, in Transporter's

reasonable discretion, such expansion or extension is appropriate.

Transporter's policy will be to require full or partial

reimbursement by the affected Shipper(s) when Transporter extends or

expands a lateral except where the Shipper's commitments and charges

provide an adequate economic basis for the connection or otherwise

create commercial opportunities or other benefits for Transporter's

operations such that Transporter reasonably determines that it is

appropriate for the costs to be borne by Transporter.