Caledonia Gas And Storage

First Revised Volume No. 1

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Effective Date: 09/30/2010, Docket: RP10-1032-000, Status: Effective

Original Sheet No. 51 Original Sheet No. 51

 

2.50 “Monthly Reference Price” means the arithmetic average of the

applicable Daily Reference Prices for each Gas Day of the relevant

Month, including weekend deals. If at any time the Daily midpoint

prices for the applicable reference points are not published in the

manner previously described, the Substitute Reference Price shall then

become the “Monthly Reference Price”.

2.51 “Operational Flow Order” or “OFO” means an order issued by

Caledonia under Section 6.6 to alleviate conditions, inter alia, which

could threaten the safe operations or system integrity of Caledonia’s

Storage Facility, or to maintain operations required to deliver Firm

service. Whenever Caledonia experiences these conditions, any pertinent

order will be referred to as an Operational Flow Order.

2.52 “Park Balance” means the quantity of Gas, expressed in Dth, that

Customer has in Caledonia’s System for Customer’s account under a

Service Agreement for parking service, provided that the Park Balance

shall never exceed Customer’s Maximum Park Quantity specified in

Customer’s Service Agreement.

2.53 “Party” means either Caledonia or Customer; “Parties” means

Caledonia and Customer, collectively.

2.54 “Point of Injection/Withdrawal” means the point, as designated by

Customer and Caledonia in the relevant Service Agreement, where

Caledonia Receives Gas from Customer for Customer’s account or Delivers

Gas to Customer for Customer’s account.

2.55 “Potential Replacement Customer” means any individual or entity

that desires to assume any released rights to capacity of a Releasing

Customer pursuant to Section 5, hereunder.

2.56 “Psia” means pounds per square inch absolute.

2.57 “Psig” means pounds per square inch gauge.

2.58 ”Qualified Customer” means a party who: (i) has satisfied

Caledonia’s creditworthiness requirements as outlined in this Gas

Tariff (which creditworthiness shall be reevaluated and updated as

often as Caledonia deems necessary in its reasonable discretion) or has

provided or caused to be provided Financial Assurances as necessary,

(ii) has provided all information required under this Gas Tariff when

requested, and (iii) has executed and delivered a relevant Service

Agreement (or Capacity Release Umbrella Agreement, if applicable) or,

with regards to a potential customer wishing to bid in an open season,

such party agrees to execute a Service Agreement as required under the

open season procedures of this Gas Tariff .

2.59 “Qualified Institution” means a U.S. commercial bank or a foreign

bank with a U.S. branch that is not an Affiliate of