| ANR Storage Company |
|
Fourth Revised Sheet No. 146 : Effective |
| FERC Gas Tariff |
|
Supersedes Third Revised Sheet No. 146 |
| ANR Storage Company |
GENERAL TERMS AND CONDITIONS
(Continued)
manner and with all reasonable dispatch, nor shall such
causes or contingencies affecting such performance
relieve Customer, in whole or in part, from its
obligations to pay the monthly charges provided for in
Section 8 of these General Terms and Conditions.
10. PRIORITY OF SERVICE REQUESTS AND SERVICE AGREEMENTS
10.1 FIRM STORAGE
(a) Priority Of Request For Initial Firm Storage
Agreements: After notification, pursuant to
Section 13 of these General Terms and Conditions
hereof, that Seller has available firm Storage
capacity which is not subject to contract or is
released pursuant to Section 7 of Rate Schedule
FS, Seller will accept requests that Seller enter
into an Agreement for firm Storage Service.
Except as provided in Section 10.1(b) below, the
order of priority among such requests shall be
based upon the economic value of the transaction
to Seller, with the transaction producing the
greatest economic value having the highest
priority of request, provided, however, that
nothing herein shall require Seller to provide
service at any rates less than Seller's applicable
Maximum Rates, and provided further, that Seller
shall not be required to enter into Service
Agreements with terms of more than one Year unless
Customer has a long-term debt rating of at least
Baa3 according to Moody's Investors Service or
BBB- according to Standard & Poor's Corporation or
if its obligations to the Seller are guaranteed by
a person with a long-term debt rating equal to or
greater than stated above. Economic value shall
be determined on the basis of the product of the
term of service in years in the request, (using a
term not to exceed twenty (20) years) and the
Reservation Charges for each year in the life of
the Agreement agreed to in the request by the
requesting party, discounted to present value by
the then-current interest rate determined in
accordance with Section 154.501(d) of the
Commission's Rules and Regulations. The sum of
the present value for each year in the life of the
Agreement shall be the economic value of the
Agreement. In the event two or more bids with
equal economic values are received for combined
capacity in excess of the quantity of available
firm capacity, the capacity will be allocated on a
first come first served basis.
| Issued by: Dean Ferguson, Vice President |
| Issue date: 11/13/07 |
|
Effective date: 12/15/07 |