Saltville Gas Storage Company L.L.C.

Original Volume No. 1

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Effective Date: 01/01/2009, Docket: RP09-71-000, Status: Effective

Original Sheet No. 120A Original Sheet No. 120A

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

4.8 Qualification of Prospective Replacement Customer. A prospective

Replacement Customer must be on Saltville's approved bidder list

before bids may be posted on the LINK® System, must satisfy all

requirements of the applicable rate schedule and the General Terms

and Conditions of this FERC Gas Tariff and must have executed a

Capacity Release Umbrella Agreement. To be on the approved

bidders list, the prospective Replacement Customer must satisfy

Saltville's credit requirements as outlined in Section 3 of the

General Terms and Conditions, and provide the information required

by Section 3 of the General Terms and Conditions. Such credit

appraisal shall be reevaluated and updated pursuant to Section 3.4

of the General Terms and Conditions. The prospective Replacement

Customer shall remain on the approved bidders list until such

prospective Replacement Customer (i) notifies Saltville to the

contrary, (ii) no longer meets the credit qualifications

established in Section 3 of the General Terms and Conditions, or

(iii) is suspended from the approved bidders list in the event,

and for such time as, such Replacement or Prearranged Customer

fails to pay part or all of the amount of any bill for service in

accordance with Section 14 of the General Terms and Conditions.

Saltville will apply its creditworthiness criteria to assess the

submission. Saltville will waive the creditworthiness requirement

on a non-discriminatory basis for Replacement Customers and permit

them to submit bids, if the Releasing Customer provides Saltville

with a guarantee or other form of credit assurance in form and

substance satisfactory to Saltville of all financial obligations

of the Replacement Customer with respect to the capacity being

released by Releasing Customer prior to the commencement of

service to the Replacement Customer.

 

4.9 Nominations. Following its selection and prior to the flow of

Gas, the Replacement Customer shall be permitted to submit

nominations pursuant to the terms and conditions of the applicable

rate schedule and the General Terms and Conditions of this FERC

Gas Tariff.