Ozark Gas Transmission, L. L. C.

Original Volume No. 1

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Effective Date: 03/01/2002, Docket: RP02-155-000, Status: Effective

Original Sheet No. 132 Original Sheet No. 132 : Effective

 

FORM OF FIRM STORAGE SERVICE AGREEMENT (continued)

 

5.4 Upon receipt of termination notification, and for

a period of sixty (60) Days, Transporter will post

on its Internet Web Site notice of such

termination, and begin offering firm storage

capacity for bid. Shipper will continue to

receive service in accordance with the provisions

of Rate Schedule FSS until service is actually

terminated. If there are bidders for the storage

capacity, Shipper must meet or exceed the value

(as defined by the terms and conditions posted

during notification) of the competing bids if it

desires to retain its capacity under this

Agreement.

 

If Shipper fails to meet the value of the bid

properly submitted by a competing bidder, then

subject to the competing bidder's satisfaction of

applicable requirements of Transporter's FERC Gas

Tariff, Transporter will provide storage service

to such competing bidder under the terms and

conditions of the offer.

 

If a competing bidder bids the maximum rate for

only a portion of the storage capacity under

Shipper's Agreement, Shipper need only meet the

competing bid for the amount of storage capacity

to which the bid applies.

 

In determining which offer has the highest value,

Transporter will post on its Internet Web Site, at

the time of notice of termination of this

Agreement, terms and conditions upon which the

offers will be evaluated. Transporter may request

a third party bidder to post a bond or provide

other security before accepting the bid with the

highest value. Transporter will post on its

Internet Web Site the highest value bid.

 

ARTICLE 6.

 

RATES AND CHARGES

6.1 Shipper shall pay Transporter for the service hereunder

in accordance with Transporter's Rate Schedule FSS, the

rates and charges set forth in Exhibit A hereto, and the

General Terms and Conditions of Transporter's FERC Gas

Tariff, all as may be revised from time to time. Such Rate

Schedule FSS and General Terms and Conditions are

incorporated by reference and made a part hereof.