Keyspan LNG, LP (Alng)

Third Revised Volume No. 1

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Effective Date: 01/27/2003, Docket: RP03-241-000, Status: Effective

Original Sheet No. 57 Original Sheet No. 57 : Effective

 

Joseph A. Vaszily, Vice President

 

 

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

14. CAPACITY RELEASE

 

14.1 General. This section sets forth the sole means by which a Customer

under any firm, open-access Part 284 service agreement with KLNG

("Releasing Customer") may release its capacity rights under a

service agreement ("Existing Service Agreement"). Subject to the

following provisions, firm capacity rights shall be released to KLNG

for resale by it on a firm basis. This section is not applicable to

any Customer whose service agreement has been executed pursuant to an

individually certificated service.

 

14.2 Capacity Eligible for Release. A Customer under any firm rate

schedule under Part 284 may release all or a part of its capacity

under an Existing Service Agreement on a permanent or temporary

basis, subject to recall if so specified. A Releasing Customer may

propose a customer ("Proposed Customer") to obtain the Releasing

Customer's released capacity, provided the Proposed Customer is an

Approved Bidder.

 

14.3 Approved Bidders. To qualify as an Approved Bidder, a party must

have been accepted by KLNG as satisfying the credit standards of

Section 3 of these General Terms and Conditions and must continue to

satisfy the credit standards of Section 3 when its bid is made and

accepted. KLNG shall process applications for credit approval with

diligence. KLNG shall maintain and make available upon request a

list of Names of Approved Bidders. Any previously listed Approved

Bidder that fails to continue to satisfy the standards of Section 3

shall be deleted from the list of Approved Bidders.

 

14.4 Release Procedures.

 

(a) Notice by Releasing Customer. A Releasing Customer wanting to

release capacity shall notify KLNG by telephone and facsimile

(hereinafter called "Releasing Customer's Notice").