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.