Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

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Effective Date: 09/01/2007, Docket: CP06-354-002, Status: Effective

Original Sheet No. 214 Original Sheet No. 214 : Effective

 

GENERAL TERMS AND CONDITIONS

 

15. CAPACITY RELEASE BY FIRM SHIPPERS (Contd.)

15.17 OBLIGATIONS OF RELEASING SHIPPER (Contd.)

 

B. A release by a Replacement Shipper shall not relieve the

Original Shipper or the Replacement Shipper of their

obligations under this Section 15.

 

C. On a non-discriminatory basis, Transporter, in its

reasonable discretion, may agree to release the Original

Shipper from liability for reservation charges, provided

that:

 

(1) the capacity release is permanent and contains no

recall or other retention of rights to the capacity by

the Original Shipper;

 

(2) adequate and, at minimum, equivalent credit assurances

are provided by the Replacement Shipper, consistent

with the General Terms and Conditions of Transporter's

tariff; and

 

(3) the Replacement Shipper agrees, at minimum, to assume

as its obligations, the equivalent or higher

applicable reservation rate, contract term, and any

other conditions which apply to the Original Shipper's

Firm Transportation Service Agreement.

 

15.18 CONVERSIONS BETWEEN MONTHLY AND DAILY RESERVATION RATES

 

For less than maximum rate transactions only, converting daily

rate to Monthly rate is accomplished by multiplying the daily rate

times number of Days in rate period, dividing the result by number

of Months in rate period and taking the remainder out to five (5)

decimal places and rounding up or down to Transporter's specified

decimal place. Converting a Monthly rate to a daily rate is

accomplished by multiplying the Monthly rate by number of Months

in rate period, dividing the result by number of Days in rate

period and taking the remainder out to five (5) decimal places and

rounding up or down to Transporter's specified decimal place.