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
Second Revised Sheet No. 126 Second Revised Sheet No. 126
Superseding: First Revised Sheet No. 126
GENERAL TERMS AND CONDITIONS
(Continued)
A Replacement Customer under Rate Schedule FSS shall be
responsible for arranging transportation to and from the
Point(s) of Receipt and Point(s) of Delivery consistent with
its rights and obligations under its service agreement and
Rate Schedule FSS. The Replacement Customer under Rate
Schedule FSS must comply with all obligations imposed under
such Rate Schedule and its rights to store, withdraw and/or
inject Gas will be subject to the provisions thereof.
If the Releasing Customer proposes to, or requires a
transfer-in-place of the portion of its Storage Inventory in
conjunction with its release of storage capacity rights, it
shall so specify in its offer to release and such transfer
shall be implemented contemporaneously with the release
subject to compliance with the provisions of Section 19 of
these General Terms and Conditions. The Replacement
Customer must withdraw the portion of its Maximum Storage
Quantity by the end of the term of the release. In lieu of
withdrawing the portion of its Storage Inventory, the
Replacement Customer can also attempt to effect a transfer
of the portion of its Storage Inventory to another storage
service Customer as provided in Section 19 of these General
Terms and Conditions. If the Replacement Customer fails to
withdraw or transfer the portion of its Storage Inventory by
the end of the term of its release, title to the portion of
Customer's remaining Storage Inventory will be vested, at no
cost, in the Releasing Customer which released its capacity
to the Replacement Customer on a temporary basis.
4.14 Saltville's Rights to Terminate Temporary Capacity Releases.
(a) In the event of a temporary release for which (1) Saltville
has given notice of termination of the Releasing Customer's
contract because the Releasing Customer no longer satisfies
Saltville's credit requirements as outlined in Section 3.4
of Saltville's General Terms and Conditions and (2) the
reservation charge specified in the effective Addendum to
the Replacement or Prearranged Customer's Capacity Release
Umbrella Agreement is less than the level of the reservation
charge which the Releasing Customer was obligated to pay
Saltville, then Saltville shall be entitled to terminate the
Addendum, upon 30 Days' written notice to the Replacement or
Prearranged Customer, unless the Replacement or Prearranged
Customer agrees prior to the end of said 30-Day notice
period to pay for the remainder of the term of the Addendum
either (i) the reservation and commodity charges at levels
which the Releasing Customer was obligated to pay Saltville,
or (ii) such rate as mutually agreed to by Saltville and
Replacement or Prearranged Customer. Customer may elect to
pay the lesser of the two foregoing options. Saltville's
right to terminate the Addendum is subject to Saltville
providing written notice of termination to the Replacement
or Prearranged Customer within 60 Days of the determination
by Saltville that the Releasing Customer no longer satisfies
Saltville's credit requirements. Termination of the
Addendum shall not occur prior to termination of the
Releasing Customer's contract.