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. 120 Original Sheet No. 120 : Effective

 

GENERAL TERMS AND CONDITIONS

(g) Reput Provisions. Liberty shall support the function of reputting by

the Releasing Customer. The Releasing Customer may reput previously recalled

capacity to the Replacement Customer pursuant to the reput rights and methods

identified in the Releasing Customer's Notice to release capacity, as required

by Section 4.1(g). When capacity is recalled, such capacity may not be reput

for the same Day. The deadline for the Releasing Customer to notify Liberty of

a reput of capacity is 8:00 A.M. CCT to allow the Replacement Customer to

submit timely nominations for gas to flow on the next Day.

(h) Following the awarding of capacity to a Replacement Customer in

accordance with the procedures provided in this Section, the Releasing

Customer's rights and Liberty's obligations under the Releasing Customer's

Storage Service Agreement shall be modified and subject to the capacity rights

released and assigned to the Replacement Customer for the term of such release.

Effecting a release pursuant to the provisions of this Section shall constitute

Releasing Customer's consent and agreement to such amendment or modification of

its existing Storage Service Agreement.

(i) The offer to release by a Customer under Rate Schedules FSS or SFS must

specify the quantities of MDDQ, MDRQ, MSQ, MDIQ, MDWQ or rights offered, and

actually available on the effective date of the assignment, and the exercise of

which rights, in conjunction with Releasing Customer's exercise of its retained

rights, will not violate any maximum or minimum quantity requirements or

limitations applicable under the Rate Schedule or the respective Storage

Service Agreements. Releasing Customer shall be responsible for ensuring, if

applicable, whether by the withdrawal or transfer-in-place of a portion of its

Storage Inventory or otherwise as required, that such storage capacity, and the

corresponding ability to inject/withdraw Gas up to the Maximum Storage Quantity

released, in accordance with the terms and conditions of the Rate Schedule and

within the time remaining in the injection and/or withdrawal period, as

applicable, shall be available upon the commencement of the release. A

Replacement Customer under Rate Schedules FSS or SFS shall be responsible for

arranging transportation to and from the Point(s) of Receipt and Point(s) of

Delivery consistent with its rights and obligations under its Storage Service

Agreement and Rate Schedules FSS or SFS. The Replacement Customer under Rate

Schedule FSS must comply with all obligations imposed under such Rate Schedule

and its rights to store, withdraw and/or inject Gas will be subject to the

provisions thereof. If the Releasing Customer proposes to, or requires a

transfer-in-place of the portion of its Storage Inventory in conjunction with

its release and assignment of storage capacity rights, it shall so specify in

its offer to release and such transfer shall be implemented

contemporaneously with the release and assignment subject to compliance with

the provisions of Section 20 of these General Terms and Conditions. The

Replacement Customer must withdraw the portion of its Maximum Storage Quantity

by the end of the term of the release. In lieu of withdrawing the portion of

its Storage Inventory, the Replacement Customer can also attempt to effect a

transfer of the portion of its Storage Inventory to another storage service

Customer as provided in Section 20 of these General Terms and Conditions. If

the Replacement Customer fails to withdraw or transfer the portion of its

Storage Inventory by the end of the term of its release, title to the portion

of Customer's remaining Storage Inventory will be vested, at no cost, in the

Releasing Customer which released its capacity to the Replacement Customer on a

temporary basis.