AMENDMENT OF SERVICE AGREEMENT
THIS AMENDMENT ("Amendment") is entered into this 15th day of December
1997, by and between TRANSCONTINENTAL GAS PIPE LINE CORPORATION, a Delaware
corporation, hereinafter to as `Seller", first part, and ATLANTA GAS LIGHT
COMPANY, hereinafter referred to as "Buyer", second party.
WITNESSETH:
WHEREAS, Seller and Buyer entered into that certain Service Agreement,
dated August 16, 1974, under Seller's Rate Schedule LG-A ("Service Agreement")
pursuant to which Seller provides liquefied natural gas storage service for
Buyer up to a total volume of 207,610 Mcf of natural gas which is Buyer's
Liquefaction Capacity Volume; and
WHEREAS, Seller and Buyer now desire to renew and extend the primary
term of the Service Agreement.
NOW THEREFORE, Seller and Buyer hereby agree to renew and amend the
Service Agreement as follows:
1. Article IV of the Service Agreement is hereby deleted in its entirety
and replaced by the following:
"ARTICLE IV
TERM OF AGREEMENT
This agreement shall be effective as of November 1, 1974, and shall
remain in force and effect until 8:00 a.m. Eastern Standard Time
October 31, 2002 1, and thereafter until terminated by Seller or Buyer
upon at least one hundred eighty (180) days prior written notice and
subject to the receipt of necessary authorizations; provided, however,
this agreement shall terminate immediately and, subject to the receipt
of necessary authorizations, Seller may discontinue service hereunder
if (a) Buyer, in Seller's reasonable judgement fails to demonstrate
creditworthiness, and (b) Buyer fails to provide adequate security in
accordance with Section 32 of the General Terms and Conditions of
Seller's Volume No. 1 Tariff."
2. As herein amended, the Service Agreement is hereby renewed in full
force and effect pursuant to the terms thereof.
3. This Amendment shall be effective as of the date first above written.
____________________________
1 The parties hereto mutually acknowledge that the term of this agreement
is the result of a negotiated compromise between Buyer and Seller and shall not
be relied upon by either party as precedent for any future contract term
negotiation for this or any other service provided by Seller. Further, the term
of this agreement shall not be raised by either party in any proceeding before
the FERC as having established any precedent whatsoever to the length of contra
terms.
LG-A Amendment
Page 2
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
signed by their respective officers or representatives thereunto duly
authorized.
TRANSCONTINENTAL GAS PIPE LINE ATLANTA GAS LIGHT COMPANY
CORPORATION ("Seller") ("Buyer")
By: /s/ Xxxxx X. Xxxxxxx By: /s/ Xxxxxx X. Xxxxxx
-------------------------- ------------------------------
Xxxxx X. Xxxxxxx
Vice President Title ___________________________
Customer Service
