The Tennessee Precedent Agreement for Firm Natural Gas Storage Service is a legal document that outlines the terms and conditions for utilizing firm natural gas storage services offered by Tennessee Gas Pipeline Company, LLC ("Tennessee"). This agreement serves as a contract between Tennessee and its customers who require reliable and secure storage of natural gas. The Firm Natural Gas Storage Service provided by Tennessee enables customers to store natural gas in underground storage facilities for future use. It offers the flexibility and assurance of having a dedicated storage capacity, ensuring that the stored gas will be readily available when needed, even during peak demand periods. The Tennessee Precedent Agreement for Firm Natural Gas Storage Service includes several key provisions that govern the service: 1. Storage Capacity: The agreement specifies the quantity of gas that a customer is entitled to store within Tennessee's storage facilities. Keywords: Storage capacity, customer entitlement, gas storage facilities. 2. Injection and Withdrawal Rates: This section outlines the maximum rates at which a customer can inject gas into the storage facility and withdraw gas from it. Keywords: Injection rates, withdrawal rates, gas storage facility. 3. Scheduling and Delivery: The agreement outlines the procedures and timelines for scheduling gas deliveries, ensuring a smooth and efficient operation of the storage service. Keywords: Scheduling procedures, delivery timelines, efficient operation. 4. Duration and Termination: This section details the duration of the agreement and the conditions that can lead to its termination, providing clarity for both Tennessee and the customer. Keywords: Agreement duration, termination conditions. 5. Payment and Billing: The agreement specifies the pricing structure for the storage service, including rates, fees, and billing procedures. Keywords: Pricing structure, rates, fees, billing procedures. Different types of Tennessee Precedent Agreements for Firm Natural Gas Storage Service could exist based on variations in storage capacity, injection and withdrawal rates, and pricing structures. These agreements can be tailored to meet the specific requirements of different customers, accommodating their unique storage needs. Overall, the Tennessee Precedent Agreement for Firm Natural Gas Storage Service is a crucial document that solidifies the legal relationship between Tennessee Gas Pipeline Company, LLC and its customers for the provision of reliable and secure natural gas storage services.
Tennessee Precedent Agreement for Firm Natural Gas Storage Service
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How to fill out Tennessee Precedent Agreement For Firm Natural Gas Storage Service?
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