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. 119 Original Sheet No. 119 : Effective
GENERAL TERMS AND CONDITIONS
Liberty notices of recalled capacity to all affected Replacement Customers
shall be provided via the Internet Web Site, along with written notice via
e-mail communication to those Replacement Customer contact person(s) identified
in the Replacement Customer's bid submitted pursuant to Section 4.6 of these
General Terms and Conditions. Such notices shall contain the information
required to uniquely identify the capacity being recalled, and shall indicate
whether penalties will apply for the Day for which quantities are reduced due
to a capacity recall. Upon receipt of notification of the recall from Liberty,
each affected Replacement Customer shall revise its nominations within the
applicable nomination cycle in order to implement the recall. Each affected
Replacement Customer will be solely responsible for adjusting its supply and
transportation arrangements, which may be necessary as a result of such recall.
Replacement Customers involved in re-release transactions may receive notice
slightly after the first Replacement Customer receives notice. The recalling
Releasing Customer may nominate the recalled capacity consistent with the
applicable nomination cycle, as defined in Section 8.2(f) of these General
Terms and Conditions.
(f) Partial Day Recall Quantity. The daily contractual entitlement that
can be recalled by a Releasing Customer for a partial Day recall is a quantity
equal to the lesser of:
(1) The quantity specified in the Releasing Customer's notice to recall
capacity; or
(2) The difference between the quantity released by the Releasing Customer
and the Elapsed-prorated-scheduled Quantity.
In the recall notification provided to Liberty by the Releasing Customer, the
quantity to be recalled shall be expressed in terms of the adjusted total
released capacity entitlements based upon the Elapsed-prorates-scheduled
Quantity. In the event of an intraday capacity recall, Liberty shall determine
the allocation of capacity between the Releasing Customer and the Replacement
Customer(s) based upon the Elapsed-prorated-scheduled Quantity.
The amount of capacity allocated to the Replacement Customer(s) shall equal the
original released quantity less the recalled capacity. This allocated daily
contractual quantity shall be used for purposes of nominations, billing, and,
if applicable, for overrun calculations. As a result of the allocation of
capacity described in this Section, Liberty shall not be obligated to deliver a
combined quantity to the Releasing Customer and the Replacement Customer(s)
that is in excess of the total daily contract quantity of the release.