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

Third Revised Sheet No. 64 Third Revised Sheet No. 64 : Effective

Superseding: Second Revised Sheet No. 64

 

ILS RATE SCHEDULE

INTERRUPTIBLE LOAN SERVICE

(Continued)

 

In the event that Saltville determines, in its sole discretion, that

some or all Interruptible Loan Service(s) must be interrupted in order

to satisfy Saltville's obligations to Firm Storage Service Customers, or

that such interruption is otherwise necessary or is otherwise

appropriate to avoid adverse impact on the operation of Saltville's

system, Saltville will notify any affected Customer receiving

Interruptible Loan Service that they are required to reduce their Loan

Balance(s) over the period specified in the notice. Such notice shall

be issued to Customers, via facsimile, on a price basis, where lower

price services will be noticed before higher price services. At a

minimum, Customers will have one Day in which to comply with the notice.

 

If Customer fails to comply with the notice given in accordance with

this section, Saltville shall cash out the balance quantity that

Customer was advised, but failed to reduce or eliminate, at the "Gas

Daily" Columbia App. Midpoint Index plus ten percent (10%) for negative

Loan Balances or the "Gas Daily" Columbia App. Midpoint Index less ten

percent (10%) for positive Loan Balances.

 

Saltville may issue a notice requiring any Customer with a Loan Balance

of less than 50 Dth to eliminate its existing Loan Balance within thirty

(30) Days. Such notice shall be issued by Saltville to Customer via e-

mail. If Customer fails to comply with this notice, any positive Loan

Balance remaining after thirty (30) Days will be cashed out at 80% of

the "Gas Daily" Columbia App. Midpoint Index calculated during the

thirty (30) Day period, and any negative Loan Balance remaining after

thirty (30) Days will be cashed out at 120% of highest "Gas Daily"

Columbia App. Midpoint Index calculated during the thirty (30) Day

period.

 

In the event that the prices referenced in this Section 7 are no longer

available or valid, Saltville will file to change its tariff and may, at

its discretion, select a representative price in the interim period,

subject to refund. In the event that a more representative posting is

established, Saltville will file to change its tariff to incorporate

that posting.

 

8. 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 ILS Rate

Schedule, where applicable, and shall supplement the terms and

conditions governing service rendered hereunder, as though stated

herein.