Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 03/27/2000, Docket: RP00-385-000, Status: Effective

First Revised Sheet No. 103 First Revised Sheet No. 103 : Effective

Superseding: Original Sheet No.103

GENERAL TERMS AND CONDITIONS

19. SHIPPERS RELEASE OF FIRM CAPACITY

19.1 General:

This Section 19 sets forth the sole means by which a

Shipper under Rate Schedule FT-1 ("RELEASING

SHIPPER"), pursuant to the Commission's Regulations,

or a Shipper under Rate Schedule FT-2, may release its

firm capacity rights under a Transportation Service

Agreement with the Transporter to a third party

("ACQUIRING SHIPPER"). The provisions of Section 19

pertain solely to release of firm capacity rights

under FT-1 or FT-2 Transportation Service Agreements

(TSA).

For a period ending September 30, 2002, unless

extended by the Commission, Section 19.10 overrides

designated provisions within this section.

19.2 Capacity Eligible For Release:

A Shipper with a TSA may release firm capacity

pursuant to this Section 19.

19.3 Types of Releases:

(a) Permanent Release: A RELEASING SHIPPER may

release all or part of its firm capacity under a

TSA for the entire remaining term of the TSA

("Permanent Release") pursuant to the provisions

of this Section 19. A Permanent Release is an

assignment of capacity and any associated rights

of the RELEASING SHIPPER under Section 18 hereof

for avoiding pregranted abandonment. Therefore,

the ACQUIRING SHIPPER must meet Transporter's

requirements related to creditworthiness set

forth in Rate Schedules FT-1 or FT-2. The

ACQUIRING SHIPPER shall be required to execute a

separate TSA for the released capacity at the

maximum rate applicable to and for the primary

term remaining under the RELEASING SHIPPER's TSA,

unless Transporter agrees otherwise in a

nondiscriminatory manner. Furthermore, the

ACQUIRING SHIPPER must contract for the Primary

Receipt and Delivery Points specifically set

forth in a RELEASING SHIPPER's Offer of firm

capacity under subsection 19.6(a). The ACQUIRING

SHIPPER then has the right to release its

capacity on a permanent or temporary basis under

the terms and conditions of this Section 19.

Upon the successful completion of a Permanent

Release, the RELEASING SHIPPER shall be