Saltville Gas Storage Company L.L.C.

Original Volume No. 1

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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has withdrawn the storage quantities or indicated in writing to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.