Saltville Gas Storage Company L.L.C.
Original Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 02/07/2008, Docket: RP08-156-000, Status: Effective
Fourth Revised Sheet No. 35 Fourth Revised Sheet No. 35 : Effective
Superseding: Third Revised Sheet No. 35
FSS RATE SCHEDULE
FIRM STORAGE SERVICE
(Continued)
(c) If the current capacity holder does not elect to match the
terms of such highest acceptable bid, its FSS Agreement will
expire at the conclusion of its term and Saltville will be
deemed to have all necessary abandonment authorization under
the NGA with respect to such service. Saltville may enter
into a new FSS Agreement with the qualified successor
customer who submitted the highest acceptable bid.
(d) Saltville shall retain the right to require a Minimum Rate,
which shall be cost-based, for bids during any such open
season.
8.3 Continuation of Service. If during the open season, Saltville
receives no bids or rejects all bids, Saltville and the current
capacity holder may negotiate for continuation of service under
mutually satisfactory rates, terms, and conditions. In no event,
however, will such continued service be provided at a rate lower
than the highest rate contained in an acceptable bid submitted by
a qualified prospective successor customer during the open season.
9. EXPIRATION OF TERM
At least thirty (30) Business Days prior to the end of the primary term
or any renewed term of the Customer's Firm Storage Service Agreement,
Saltville shall notify Customer to withdraw all of the firm storage
quantities held by Saltville for the account of Customer pursuant to
such agreement. Saltville's notice to Customer may be given via
telephone, but shall be confirmed in writing via e-mail or facsimile to
the Customer. Before the end of the contract term, the Customer must
either physically withdraw the storage quantities or indicate to
Saltville in writing that it desires to have Saltville cash out the
storage quantities on mutually agreeable terms. If, by the end of the
Gas Day that is the last Day of the contract term, the Customer neither
has withdrawn the storage quantities or indicated in writing to
Saltville that it desires to exercise the cash out option, then
Saltville may take, free and clear of any adverse claims, title to such
FSS storage quantities as Customer was required, but failed, to withdraw
or cash out; provided, however, that only those quantities not withdrawn
or cashed out on mutually agreeable terms shall become the property of
Saltville, free and clear of any adverse claims. If Customer was unable
to withdraw its firm storage quantities due to an interruption of
Customer's withdrawal service during the last ten (10) Days before
termination, Customer shall be allowed to withdraw its storage
quantities within a reasonable period following the end of the contract
term.
In the event that Saltville retains and takes title to any of Customer's
storage quantities pursuant to this Section 9, Saltville shall dispose
of such storage quantities by auction and shall credit the net proceeds
received from such auction in accordance with the provisions of Section
29 of the General Terms and Conditions of this FERC Gas Tariff.
10. GENERAL TERMS AND CONDITIONS
Applicable provisions of the General Terms and Conditions of this FERC
Gas Tariff, as such provisions may be amended from time to time, are
hereby incorporated by reference and made a part of this FSS Rate
Schedule, where applicable, and shall supplement the terms and
conditions governing service rendered hereunder, as though stated
herein.