Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 05/10/2010, Docket: RP10-594-000, Status: Effective

First Revised Sheet No. 275 First Revised Sheet No. 275

Superseding: Original Sheet No. 275

 

FORM FOR SERVICE AGREEMENT FOR TEMPORARY

RELEASE OF FIRM TRANSPORTATION CAPACITY

 

 

THIS AGREEMENT is made and entered into as of the ________ day of

____________, ______, by and between GARDEN BANKS GAS PIPELINE, LLC, a

Delaware limited liability company, hereinafter referred to as "Transporter",

and ______________________________ _______________________, a

_____________________ corporation, hereinafter referred to as "Acquiring

Shipper". Transporter and Acquiring Shipper shall collectively be referred to

herein as the "Parties".

 

WITNESSETH

 

WHEREAS, Transporter provides firm transportation services to Shippers

under Part 284 of the Federal Energy Regulatory Commission's (Commission)

Regulations and Transporter's Rate Schedule FT-1 of its FERC Gas Tariff or

Rate Schedule FT-2 of its FERC Gas Tariff; and

 

WHEREAS, Shippers have the right to offer their firm transportation

capacity under Rate Schedules FT-1 or FT-2 for release to other parties on a

temporary basis pursuant to Section 19 of the General Terms and Conditions of

Transporter's FERC Gas Tariff; and

 

WHEREAS, Acquiring Shipper will be bidding on offers of released

transportation capacity, and to the extent Acquiring Shipper is successful in

its bid(s), Transporter is willing to provide firm transportation service to

Acquiring Shipper pursuant to the provisions of Rate Schedules FT-1 or FT-2,

as applicable, Subpart G of Part 284 of the Commission's Regulations and this

Agreement.

 

NOW, THEREFORE, the Parties hereby agrees as follows:

 

ARTICLE I

 

SCOPE OF AGREEMENT

 

1.1 Subject to the terms, conditions and limitations hereof, so

long as the financial evaluation and credit appraisal requirements

pursuant to Section 6.3 of Rate Schedules FT-1 or FT-2 are met in

order for Acquiring Shipper to be pre-qualified for capacity

releases and this Agreement is effective, Acquiring Shipper may

bid from time to time on proposed capacity releases under Rate

Schedules FT-1 or FT-2 pursuant to