| Bluelake Storage Company |
|
Fifth Revised Sheet No. 147 : Effective |
| FERC Gas Tariff |
|
Supersedes Fourth Revised Sheet No. 147 |
| Bluelake Storage Company |
GENERAL TERMS AND CONDITIONS
(Continued)
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.
(b) Right of First Refusal:
Any Customer or Replacement Customer with an FS Agreement
paying Maximum Rates and (1) having a term of twelve (12)
consecutive Months or more, or (2) a term for more than
one year for a service not available 12 consecutive
Months, may exercise a right to continue to receive
service under that Agreement for all or a portion of the
firm capacity under the Agreement at the expiration of
the Agreements term provided that Customer notifies
Seller twelve (12) months prior to the expiration of the
Agreement of its intent to continue service under the
Agreement, and will match the best offer made by others
for such capacity or portion thereof by offering a rate
and term of Agreement that produces an equivalent or
greater economic value (using a term not to exceed five
(5) years) for such capacity as defined in Section
10.1(a), above, provided that Seller shall not be
obligated to enter into an extension of any Agreement or
continue service at any rate less than Sellers Maximum
applicable Rates in effect at the time of renewal, nor
shall Seller be obligated to enter into an extension of
any Agreement or continue service to any Customer or
Replacement Customer who fails to meet the
Creditworthiness requirements set forth in Section 11.5
of these General Terms and Conditions.
After Customer has notified Seller of its intent to
continue service, the capacity available under Customers
Agreement will be posted on Sellers Internet Site for
bid. Seller will accept bids for this capacity from the
time of posting up to and including, but no later than,
the forty-fifth (45th) Day prior to the date the existing
Agreement is scheduled to expire. Within five (5)
Business Days of the date bidding ends, Seller will notify
Customer of the bid received having the greatest economic
value, as defined by Section 10.1(a), above. Customer will
have ten (10) Business Days to notify Seller whether it
will match the rate and term offered in the best bid (term
will be limited to five (5) years), and if so will execute
a new Service Agreement matching the offer prior to the
termination of the existing Agreement.
| Issued by: Gary Charette, Chairman |
| Issue date: 10/01/07 |
|
Effective date: 11/01/07 |