Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-328-000, Status: Effective

Fourth Revised Sheet No. 105 Fourth Revised Sheet No. 105

Superseding: Third Revised Sheet No. 105

 

GENERAL TERMS AND CONDITIONS

 

19. SHIPPERS RELEASE OF FIRM CAPACITY

 

19.3 Types of Releases (cont'd):

 

(c) Secondary Release of Firm Capacity: An ACQUIRING SHIPPER

who has acquired firm capacity hereunder on a temporary

basis subject to that option being part of the RELEASING

SHIPPER's Offer, may subsequently release the capacity it

has acquired, as set forth on the Addendum to its Form of

Service Agreement for Temporary Release of Firm

Transportation Capacity, in accordance with the terms of

this Section 19 ("Secondary Release"), thereby becoming a

RELEASING SHIPPER. That RELEASING SHIPPER shall provide the

original RELEASING SHIPPER the name, telephone number and

facsimile number of a contact party of the ACQUIRING

SHIPPER. A Secondary Release of capacity cannot operate to

release greater capacity rights than the capacity acquired

by the RELEASING SHIPPER. Furthermore, to the extent that a

RELEASING SHIPPER acquired firm capacity subject to a right

of recall, the capacity then released by the RELEASING

SHIPPER, and any subsequent Secondary Release of the

capacity thereafter, shall also be subject to the right of

recall.

 

(d) Prearranged Release of Firm Capacity:

 

(i) A RELEASING SHIPPER who wishes to release its firm

capacity on a prearranged basis to a third party

(ACQUIRING SHIPPER) for a term of 31 days or less may

do so without posting-for-bidding on Interactive

Internet Website the terms of the Prearranged Release.

The minimum term for such release shall be one (1)

contract day and the term must be for consecutive

number of days within the same calendar month.

Transporter shall post on its Internet Web Site the

terms of the prearranged release by 9:00 a.m. CCT on

the day of nomination.