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

First Revised Sheet No. 110A First Revised Sheet No. 110A : Effective

Superseding: Original Sheet No. 110A

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

3. CONTRACTING FOR SERVICE (continued)

 

3.4 Credit Evaluation (continued):

 

(ii) For Interruptible service, an amount equal to fifteen

(15) Days of usage per Month for three (3) Months or

the duration of the Customer's Interruptible Service

Agreement, whichever is shorter, of the Interruptible

Charge(s) calculated on a one hundred percent (100%)

load factor basis, plus the market value of any

quantities of Gas loaned to Customer pursuant to

Exhibit A of Customer's Interruptible Service

Agreement.

 

(iii) For Capacity Release Umbrella agreements, Saltville

will accept any collateral amount submitted by

Customer in relation to the request for the capacity

release umbrella agreement; however, Customer will be

required to comply with all of Saltville's credit

requirements at such time as Customer submits a bid to

acquire released capacity pursuant to Section 4 of the

General Terms and Conditions of this FERC Gas Tariff;

 

For an existing Customer, such security shall be equal to

the highest three (3) Months of activity (based on usage of

in-kind and loan agreements and the billed amounts for all

other agreements) for all of Customer's active service

agreements during the previous twelve (12) Months. For the

purposes of this section, the term "in-kind agreement" does

not include Fuel Reimbursement.

 

With respect to a request for new service or a request

resulting in a Billing Amendment, the security required by

Saltville pursuant to this Section 3.4(b) must be received

by Saltville within ten (10) Business Days of Saltville's

written notification to Customer, otherwise, such request

will be deemed to be null and void. With respect to an

existing service agreement, Customer must tender (i) an

advance payment equal to the highest Month of activity

(based on usage of in-kind and loan agreements and the

billed amounts for all other agreements) for all of

Customer's active service agreements during the previous

twelve (12) Months within five (5) Business Days of

Saltville's notification, and (ii) the security required by

this Section 3.4(b) within thirty (30) days of Saltville's

notification. If such advance payment or security is not

received within the specified time period, then Saltville

may immediately suspend service, and may terminate

Customer's service agreement(s) upon thirty (30) days'

notice to Customer and the Commission.