| Bluelake Storage Company |
|
First Revised Sheet No. 152 : Effective |
| FERC Gas Tariff |
|
Supersedes Original Sheet No. 152 |
| Bluelake Storage Company |
GENERAL TERMS AND CONDITIONS
(Continued)
If such payment on account or a payment security is
not received within such ten (10) Day suspension
period, then Seller shall no longer be obligated to
continue to provide service to such Customer.
Seller shall not be required to commence service, or subject to
the following provisions, to continue to provide service and
may terminate a Service Agreement with any Customer under Rate
Schedule FS having a term of more than one year if Customer, or
its guarantor, fails to maintain a long-term debt rating issued
by either Moodys Investors Service, or Standard and Poors
Corporation, or Customers, or its guarantors, long-term debt
rating issued by Moodys Investors Service or Standard and
Poors Corporation falls below a rating of at least Baa3
according to Moodys Investors Service or BBB- according to
Standard & Poors Corporation; provided, however, that any such
Customer that is receiving service shall continue to receive
service for a period of three (3) Months during which Customer
shall have the ability to:
(1) attain minimum long-term debt ratings as described above;
or
(2) secure a guarantee by a person with a minimum long-term
debt rating as described above, provided further, if
Customer should fail to meet the requirements set forth
within the three (3) Month period, Seller shall have the
right to market the capacity underlying the Service
Agreement(s) in question to other Customers meeting the
requirements as set forth herein.
11.6 Interpretation of Laws. Any Agreement shall be interpreted,
performed and enforced in accordance with the laws of the State
of Michigan.
11.7 Regulations. Any Agreement, and all terms and provisions herein,
and the respective obligations of the parties thereunder are
subject to valid laws, orders, rules and regulations of duly
constituted authorities having jurisdiction.
| Issued by: Gary Charette, Chairman |
| Issue date: 10/01/07 |
|
Effective date: 11/01/07 |