Clear Creek Storage Company, LLC |
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Original Sheet No. 37 : Effective |
FERC Gas Tariff |
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Clear Creek Storage Company, LLC |
GENERAL TERMS AND CONDITIONS
(Continued)
Clear Creek may, after receipt of a Request for Storage
Service from Customer, require that Customer furnish
additional information as a prerequisite to Clear Creek
offering to execute a Service Agreement with Customer. The
requested information may include proof of (a) Customers
title to the Gas to be tendered and/or (b) Customers legal
right to cause the Gas to be delivered and/or (c) Customers
contractual and/or physical ability to cause the Gas to be
delivered to or received from Clear Creek.
3.3 Request Validity. Customers request for Storage
Service shall be considered null and void if Clear Creek
has tendered an Agreement for execution to Customer and
Customer fails to execute and return the Agreement to Clear
Creek within five Days after receipt. Clear Creek will not
execute an Agreement under Rate Schedule FS unless
sufficient capacity is available.
3.4 Awarding of Capacity. Firm storage capacity shall
be awarded based upon the highest economic value of the
transaction to Clear Creek subject to the bidding Customer
satisfying the requirements of this tariff. 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 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)(1) of the Commissions Regulations. The sum of
the present value for each year in the life of the Agreement
shall be the economic value of the Agreement. If two or more
bids, with equal economic value, are received for combined
capacity in excess of the quantity of available firm
capacity, the capacity will be awarded pro rata between
these firm Customers.
4. Capacity Release and Reassignment.
Any Customer or Replacement Customer under Rate
Schedule FS may release all or any portion of its storage
capacity, but only to the extent that the released capacity
is acquired by a Replacement Customer according to the
provisions of this section. Additionally, any Customer may
release its capacity on a volumetric basis. Any Customer,
or Replacement Customer releasing capacity will be
designated a Releasing Customer. Any party purchasing
released capacity shall be designated a Replacement
Issued by: M.B. McGinley, Vice President |
Issue date: 03/30/00 |
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Effective date: 06/01/00 |