Exhibit 10-B-4.1
AMENDMENT TO SERVICE AGREEMENT
THIS AMENDMENT ("Amendment") is entered into this l5 day of May, 1996, by and
between TRANSCONTINENTAL GAS PIPE LINE CORPORATION, a Delaware corporation,
hereinafter referred to as "Seller", first party, and PUBLIC SERVICE COMPANY OF
NORTH CAROLINA, INC., a North Carolina Corporation, hereinafter referred to as
"Buyer", second party.
WITNESSETH:
WHEREAS, Seller and Buyer are parties to that certain Service Agreement, dated
August 5, 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 25,000 Mcf of natural gas per day which is Buyer's Liquefaction
Capacity Volume; and
WHEREAS, Seller and Buyer now desire to extend the primary term of the Service
Agreement.
NOW THEREFORE, Seller and Buyer hereby agree to 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, 2016, and
thereafter until terminated by Seller or Buyer upon at least one hundred eighty
(180) days prior written notice; provided, however, this agreement shall
terminate immediately and, subject to the receipt of necessary authorizations,
if any, 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. This Amendment shall be effective as of the date first above written.
3. Except as herein amended, the Service Agreement shall remain in full force
and effect pursuant to the terms thereof.
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 PUBLIC SERVICE COMPANY OF
LINE CORPORATION ("Seller") NORTH CAROLINA, INC. ("Buyer")
By: s/Xxxxx X. Xxxxxxx By: s/Xxxxxxxx X. Xxxx
Vice President Senior Vice President-
Customer Service Marketing & Gas Supply
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