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.