Midwest Gas Storage, Inc.

First Revised Volume No. 1

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Effective Date: 05/15/1994, Docket: CP90-454-004, Status: Effective

Original Sheet No. 515 Original Sheet No. 515 : Effective

 

 

amounts will be cashed out as follows: (i) Midwest will buy

any overages at a price equal to 50% of the Midcontinent

Spot Price index (as defined in Section 1.12), less the

maximum storage charges; (ii) Midwest will charge the

Shipper 150% of the Midcontinent Spot Price Index plus the

maximum storage charges for any underages.

 

4.9 Reduction in Maximum Daily Quantity. In the event that

Shipper nominates or utilizes less than 50% of its Maximum

Storage Quantity under Rate Schedule ISS for a period of

two (2) Months, Midwest may reduce Shipper's Maximum

Storage Quantity to 125% of the average utilization during

such Months, which new Maximum Storage Quantity as

applicable, shall be effective on the first Day of the

Month following the Month in which Midwest gives Shipper

notice of such reduction.

 

4.10 Transfer of Title to Gas in Storage

 

(a) A Shipper may sell Working Storage Gas to any other

Shipper under a Rate Schedule with the same priority,

either firm or interruptible, if:

 

(i) Both purchaser and seller of the Working Storage

Gas provides Midwest with verification of the

transfer in writing; and

 

(ii) The purchase does not cause either Shipper to

exceed its Maximum Storage Quantity, as

specified in the Shipper's Service Agreement.

 

(b) Midwest will recognize the transfer for purposes of

computing available Working Storage Gas and applicable

Injection and Withdrawal Quantities on a prospective

basis within 24 hours after receiving the written

verification required by Section 4.10(a)(i).

 

5. PRESSURE AT POINT(S) OF RECEIPT AND DELIVERY AND PRESSURES

 

5.1 Pressure at Point(s) of Receipt. Unless otherwise agreed

to by the parties as set forth in the Agreement, Shipper

shall cause the Gas to be delivered at the Point(s) of

Receipt at a pressure sufficient to allow the Gas to enter

Midwest's system at the varying pressures that may exist in