Young Gas Storage Company, Ltd.

Original Volume No. 1

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

Ninth Revised Sheet No. 96 Ninth Revised Sheet No. 96

Superseding: Eighth Revised Sheet No. 96

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

13. RESERVED

 

14. PENALTIES

 

14.1 Retained Gas Crediting. In the event gas is retained under Section

2.3 of Rate Schedule FS-1 or Section 2.5 of the Form of Service

Agreement applicable to Rate Schedule IS-1, the value of such gas

will be credited to all non-offending firm and interruptible

shippers by invoice credit. Such credit shall be in proportion to

the volumes injected for each Shipper during the storage year in

which the gas was retained, and shall be made not later than 90

days after the end of such storage year by Transporter and

submitted to Shipper pursuant to Section 12.2 of the General Terms

and Conditions of this Tariff. The value of the credit will be

determined by multiplying the quantity of the gas retained (Dth) by

the average of the daily mid-point index prices for CIG-Rockies as

published in Platt's gas market publication (formerly known as Gas

Daily's Price Survey) for each day of the month divided by the

number of days in the month for the month in which the gas is

retained. Should Platt's gas market publication become unavailable,

Transporter shall calculate the credit based on information posted

in a similar publication.

 

15. REVENUE SHARING

 

15.1 The actual revenues, net of all variable costs, received by

Transporter in any calendar year, for service under Rate Schedule

IS-1 shall be credited to all firm Shippers by invoice credit. Such

credit shall be in proportion to the Storage Service reservation

charge revenues received from each such Shipper during the subject

calendar year, and shall be made not later than the January

statement by Transporter submitted to Shipper pursuant to Section

12.2 of the General Terms and Conditions of this Tariff.