Keyspan LNG, LP (Alng)

Third Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

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

Original Sheet No. 72 Original Sheet No. 72 : Effective

 

 

GENERAL TERMS AND CONDITIONS

(continued)

 

14. CAPACITY RELEASE (continued)

 

(b) A proposed capacity release shall not be subject to the

competitive bidding requirements of this Section 14, but shall

be subject to all other provisions of this Section 14, if a

Proposed Customer agrees to pay the maximum rate for the full

period of the release. A release under this Section 14.10(b)

may be effected by the Releasing Customer's satisfying the

notice requirements of Section 14.4 and the Proposed

Customer's submitting a bid satisfying the requirements of

Section 14.4, other than the bid periods required for

competitive bidding. Such release shall become effective

immediately upon KLNG's receipt of both such notice and such

bid, but no sooner than the date specified in Releasing

Customer's Notice subject to compliance with the other

provisions of this tariff, including the execution of a New

Service Agreement in accordance with Section 14.6.

 

(c) KLNG shall post notice of transactions under Sections 14.10(a)

and 14.10(b) on its Internet Web site by 9:00 a.m. CT on the

day prior to gas day for notice purposes only, and such

posting shall trigger no right in any other party to bid.

 

14.11 Compensation. If KLNG and a Releasing Customer so agree, KLNG may

receive a mutually agreeable fee for taking action to market

released capacity other than merely posting the notice of

availability. Such fee may be deducted from the credit due

Releasing Customer under Section 14.7.