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.