Nautilus Pipeline Company, LLC

Original Volume No. 1

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Effective Date: 07/01/2000, Docket: RP00-290-000, Status: Effective

First Revised Sheet No. 170 First Revised Sheet No. 170 : Effective

Superseding: Original Sheet No.170

GENERAL TERMS AND CONDITIONS

 

 

22. SHIPPERS' RELEASE OF FIRM CAPACITY

 

22.1 General

 

This Section 22 sets forth the sole means by

which a Shipper under Rate Schedules FT-

1, FT-2 or FT-3 ("Releasing Shipper")

may, pursuant to Section 284.243 of the

Commission's Regulations, release its

firm capacity rights to a third party

("Replacement Shipper").

 

22.2 Capacity Eligible for Release

 

Any Shipper with an FT-1 or FT-3 Service

Agreement with Transporter may release

firm capacity on a permanent or

temporary basis pursuant to this Section

22.

 

Any Shipper with a FT-2 Service Agreement

with Transporter may release firm

capacity on a temporary basis only

pursuant to this Section 22.

 

22.3 Types of Releases

 

(a) Permanent Release of capacity, or capacity

released on a permanent basis, shall be for a term

equal to the remaining term of the Releasing

Shipper's Service Agreement. All permanent

releases of capacity under Rate Schedule FT-1 or

FT-3 shall be at or above the maximum rate if

applicable pursuant to Section 22.12 hereof,

unless otherwise agreed to between Shipper and

Transporter. In addition, any Replacement Shipper

must satisfy the availability requirements of Rate

Schedule FT-1 or FT-3 and must meet Transporter's

requirements related to creditworthiness set forth

in Section 10 hereof. Any Replacement Shipper

shall be required to execute a separate FT-1

Service Agreement with Transporter for the

remaining term of the Releasing Shipper's Service

Agreement with