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. 270 Original Sheet No. 270
GENERAL TERMS AND CONDITIONS
(Continued)
15. GAS TITLE TRANSFERS
15.1 Title Transfers of Gas in Storage:
(a) A Customer that has executed a Service Agreement under Rate
Schedules FSS, EPS, ELS, ISS, IPS and ILS may transfer title
and ownership of its Storage Inventory, Park Balance or Loan
Balance (collectively referred to in this Section 15 as
"Storage Balance(s)", as applicable, to any other third
party that has executed a Service Agreement under Rate
Schedules FSS, EPS, ELS, ISS, IPS and ILS if:
(1) Customer selling its Storage Balance(s) and Customer
purchasing the Storage Balance(s) execute a Title
Transfer Form identifying the details of the Title
Transfer transaction, as such form is posted on
Steckman Ridge's Web site and amended from time to
time, and submit such executed form to Steckman Ridge;
and
(2) The Title Transfer results in a Storage Inventory,
Park Balance or Loan Balance, as applicable, for each
Customer that is equal to or greater than zero and
equal to or less than the Maximum Storage Quantity,
Maximum Park Quantity, or Maximum Loan Quantity, as
applicable and as specified in Customer's Firm Storage
Service Agreement, Customer's Interruptible Storage
Service Agreement or Exhibit B to Customer's Hub
Services Agreement, as applicable.
Steckman Ridge may restrict Title Transfers when such Title
Transfers would result in an increase in the service
obligations of Steckman Ridge or cause operational
difficulties and such increase or operational difficulties
would, in the reasonable judgment of Steckman Ridge, impair
the ability of Steckman Ridge to meet all of its other
service obligations of equal or higher priority.
(b) Steckman Ridge will recognize the transfer for purposes of
computing each Customer's available Storage Balance(s) on a
prospective basis within one (1) Business Day after receipt
of the executed Title Transfer Form.
(c) For each Title Transfer of Gas in storage performed under
this section, each Customer shall pay the Title Transfer
rate as agreed upon by each Customer and Steckman Ridge and
specified on the executed Title Transfer Form.