Steckman Ridge, LP
Original Volume No. 1
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Effective Date: 04/01/2009, Docket: RP09-389-000, Status: Effective
Original Sheet No. 36 Original Sheet No. 36
FSS RATE SCHEDULE
FIRM STORAGE SERVICE
(Continued)
8. CONTRACTUAL RIGHT OF FIRST REFUSAL (continued)
(c) If Customer does not elect to match the terms of such
highest acceptable bid or Customer and Steckman Ridge do not
agree on terms of service pursuant to Section 8.3 below,
then its Firm Storage Service Agreement will expire at the
conclusion of its term and Steckman Ridge will be deemed to
have all necessary abandonment authorization under the
Natural Gas Act with respect to such service. Steckman
Ridge may enter into a new Firm Storage Service Agreement
with the Qualified Successor Customer who submitted the
highest acceptable bid.
(d) Steckman Ridge shall retain the right to require a minimum
rate, which shall be market-based, for bids during any such
open season.
8.3 If during the open season, Steckman Ridge receives no bids or
rejects all bids, Steckman Ridge will post the capacity as
unsubscribed capacity and Steckman Ridge and Customer may
negotiate for continuation of service under mutually satisfactory
rates, terms, and conditions. During such negotiations with
Customer, Steckman Ridge may also enter into negotiations with
other potential Customers for service to commence upon the
effective date of the termination of Customer's Firm Storage
Service Agreement. In no event, however, may Customer retain
capacity subject to the right of first refusal at a rate lower
than the highest rate contained in a bid, if any, that was
submitted for such capacity by a Qualified Successor Customer
during the open season but rejected pursuant to Section 3.8(c)(ii)
of the General Terms and Conditions of this FERC Gas Tariff.