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.
(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
(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;