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

Second Revised Sheet No. 155A Second Revised Sheet No. 155A : Effective

Superseding: First Revised Sheet No. 155A

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

31.4 The terms of any discount request granted by Saltville pursuant to

this Section 31 shall be transmitted by e-mail to Customer in the

form of a Discount Confirmation. The Discount Confirmation shall

identify the applicable Customer's name, contract number, rate

schedule, term of the discount, discount rate, applicable

quantities, point(s) of receipt and delivery, and/or the segment

being discounted. The Discount Confirmation may also include

other information required for posting under the Commission's

regulations and other conditions consistent with Section 31.2. No

particular discount transaction shall be contractually binding on

either Saltville or Customer until Saltville has confirmed the

terms of the discount upon Saltville's e-mail to Customer of the

Discount Confirmation for the transaction, subject to the

underlying service agreement being fully executed. All discounts

granted shall be effective no sooner than the beginning of the

next Gas Day following the Gas Day on which the request is granted

by Saltville. Once the Discount Confirmation is contractually

binding, the Discount Confirmation will constitute an addendum to

the underlying service agreement. Each such addendum is an

integral part of the underlying service agreement as if executed

by both parties and fully copied and set forth at length therein.

 

31.5 If Saltville's recourse rates are subject to refund at any time

during the effectiveness of a Discount Confirmation, with respect

to the applicable discounted rate, Customer shall be entitled to

refunds of payments made by Customer only in the event that the

final, non-appealable Maximum Recourse Rate, whether usage-based

or reservation-based, as determined by the Commission for a given

time period is lower than the rate actually paid by Customer

during such time period. Subject to the condition precedent set

forth in the immediately preceding sentence, Customer's principal

refund amount shall be equal to (i) with respect to usage-based

rates, the product of (aa) the positive difference between the

final, non-appealable Maximum Recourse Rate and the discounted

rate, and (bb) the usage quantities of Gas applicable to Customer,

or for Customer's account, during the refund period; and (ii) with

respect to reservation-based rates, the product of (cc) the

positive difference between the final, non-appealable Maximum

Recourse Rate and the discounted rate, (dd) the reservation

billing determinant covered by the discounted rate, and (ee) the

number of Months in the refund period (partial months shall be

prorated for the number of Days in the Month that fall within the

refund period and a discounted rate that is not a Monthly rate

shall be adjusted for purposes of this calculation to reflect the

Monthly equivalent of the rate).