Honeoye Storage Corporation
Second Revised Volume No. 1
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Effective Date: 09/15/2000, Docket: RP00-455-000, Status: Effective
Original Sheet No. 22A Original Sheet No. 22A : Superseded
Seller will recognize the transfer for purposes of computing
Buyer's available Gas Storage Balance and applicable injection and
withdrawal quantities on a prospective basis within 24 hours after
receiving the written verification required by Section XVI(a).
XVII. GAS STORAGE BALANCE IN STORAGE AFTER TERMINATION
OF AGREEMENT
If Buyer fails to withdraw any portion of its Gas Storage Balance
by the date Buyer's Gas Storage Agreement terminates, then Buyer shall
pay a late withdrawal fee of $1/Dekatherm/day for all gas remaining in
Buyer's Gas Storage Balance, or, at Seller's sole option, Seller may
retain such remaining quantities of Buyer's Gas Storage Balance free
and clear of any adverse claims, unless such failure to withdraw was
due to Seller's inability to withdraw the quantities nominated by
Buyer, in which event the provisions of this paragraph shall not apply
for a period equal to the number of days Seller was unable to tender
quantities of Gas for redelivery.
XVIII. CUSHION GAS IN STORAGE AFTER TERMINATION OF
AGREEMENT
Subject to operating conditions in the Honeoye Gas Field, in the
event that a Gas Storage Agreement is terminated, Buyer shall be required
to withdraw all of its cushion gas or sell the cushion gas in place to
another Buyer no later than the first November 1 following the
termination of the Gas Storage Agreement. Subject to operating
conditions, Buyer shall have the right beginning on April 1 in the year
in which the Gas Storage Agreement is terminated 1) to sell cushion gas
in place or 2) to commence withdrawing cushion gas in a quantity up to
Buyer's Maximum Daily Withdrawal Quantity. If a Buyer fails to sell or
to withdraw all of its cushion gas by the following November 1 following
the termination of the Gas Storage Agreement, then, at Seller's option,
and upon forty-eight (48) hours notice to Buyer, Buyer shall pay a Late
Withdrawal Charge of one dollar per Dth per day, or Seller may retain any
remaining quantities of cushion gas free and clear of any adverse claims,
provided however, that Seller will notify Buyer in writing prior to the