Steckman Ridge, LP

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 04/01/2009, Docket: RP09-389-000, Status: Effective

Original Sheet No. 225 Original Sheet No. 225

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

4. CREDIT EVALUATION (continued)

 

4.2 Forms of Security. (continued)

 

(b) For a new Customer, or a Customer requesting a Billing

Amendment, such security shall be calculated as follows:

 

(1) For firm storage service, an amount equal to the three

(3) highest months during a Contract Year or the

duration of Customer's Service Agreement, whichever is

shorter, worth of Storage Reservation Charges at the

rate specified in Customer's Firm Storage Service

Agreement;

 

(2) For interruptible storage service, an amount equal to

fifteen (15) days of usage per month for three (3)

months or the duration of Customer's Interruptible

Storage Service Agreement, whichever is shorter,

multiplied by the arithmetic average of the applicable

commodity rates, multiplied by the Maximum Storage

Quantity specified in Customer's Interruptible Storage

Service Agreement;

 

(3) For enhanced park and loan service and interruptible

park and loan service, the agreed upon lump-sum fee,

or if billed on a daily basis, an amount equal to

fifteen (15) days of usage per month for three (3)

months or the duration of the Exhibit(s) B to

Customer's Hub Services Agreement, whichever is

shorter, of the enhanced or interruptible charge(s)

calculated using the applicable rate(s) agreed upon by

Steckman Ridge and Customer, as reflected on Exhibit B

to Customer's Hub Services Agreement, plus the market

value of any quantities of Gas loaned to Customer

pursuant to Exhibit B to Customer's Hub Services

Agreement.

 

(4) For Capacity Release Umbrella agreements, Steckman

Ridge will accept any collateral amount submitted by

Customer in relation to the request for the capacity

release umbrella agreement; however, Customer will be

required to comply with all of Steckman Ridge's credit

requirements at such time as Customer submits a bid to

acquire released capacity pursuant to Section 5 of the

General Terms and Conditions of this FERC Gas Tariff;

 

(c) For an existing Customer, such security shall be equal to

the highest three (3) months of activity (based on usage of

in-kind and loan agreements and the billed amounts for all

other agreements) for all of Customer's active Service

Agreements during the previous twelve (12) months. For the

purposes of this section, the term "in-kind agreement" does

not include Fuel Reimbursement.