Liberty Gas Storage, LLC

Original Volume No. 1

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Effective Date: 04/15/2007, Docket: RP07-357-000, Status: Effective

Original Sheet No. 117 Original Sheet No. 117 : Effective

 

GENERAL TERMS AND CONDITIONS

4.12 Marketing Fee. If Liberty and the Releasing Customer so agree, Liberty

may receive a negotiated fee for its marketing efforts.

4.13 Limitations.

(a) Releases and assignments hereunder shall be for period(s) of one or

more Day(s) and the maximum term shall not extend beyond the expiration of this

FERC Gas Tariff provision or beyond the expiration of the Releasing Customer's

Storage Service Agreement.

(b) Liberty may invalidate any offer to release or any bid subsequent to

its posting on the Internet Web Site which does not conform to the requirements

of this Section and the other provisions of this FERC Gas Tariff and such

invalidated offer or bid shall be deemed null and void.

(c) Any terms and conditions imposed on the offer to release by the

Releasing Customer as provided for in this Section must be objectively stated,

reasonable, capable of administration or implementation by Liberty without any

material increase in burden or expense, applicable to all potential bidders,

not unduly discriminatory, and consistent with the terms and conditions of this

FERC Gas Tariff and Releasing Customer's Storage Service Agreement.

(d) A Releasing Customer may re-release to the same Replacement Customer,

where such first release was not subject to posting and bidding pursuant to

Section 4.4, for a term of 31 Days or less, only if: 1) a period of 28 Days has

elapsed after the first release for 31 Days or less has expired or 2) the

Point(s) of Receipt and/or Point(s) of Delivery for the re-release is different

from the Point(s) of Receipt and/or Point(s) of Delivery of the first release

or 3) the Releasing Customer causes the posting of an offer to release capacity

or of a pre-arranged transaction to be made, and capacity is allocated on the

basis of bids submitted.

(e) Recall Provisions. If the Releasing Customer retains recall rights,

Releasing Customer's offer to release capacity shall clearly specify the

conditions precedent to such recall and whether the recall right retained by

Releasing Customer is on a full Day or partial Day basis. The Releasing

Customer shall provide capacity recall notification to Liberty via the Internet

Web Site. The recall notification shall specify the recall notification period

for the specified effective Day, as well as any other information needed to

uniquely identify the capacity being recalled. Liberty shall support the

following recall notification periods for all released capacity subject to

recall rights:

(1) Timely Recall Notification:

(A) A Releasing Customer recalling capacity should provide notice of such

recall to Liberty and the first Replacement Customer no later than 8:00 A.M.

CCT on the Day that Timely Nominations are due;

(B) Liberty shall provide notification of such recall to all affected

Replacement Customers no later than 9:00 A.M. CCT on the Day that Timely

Nominations are due;