Bluewater Gas Storage, LLC

Original Volume No. 1

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Effective Date: 12/01/2006, Docket: CP06-351-001, Status: Effective

Original Sheet No. 125 Original Sheet No. 125 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(B) BLUEWATER shall provide notification of such

recall to all affected Replacement Customers no later

than 3:30 P.M. CCT on the Day that Intraday 2

Nominations are due.

 

For recall notification provided to BLUEWATER prior to the recall

notification deadline specified above and received between 7:00 A.M.

CCT and 5:00 P.M. CCT, BLUEWATER shall provide notification to all

affected Replacement Customers no later than one hour after receipt

of such recall notification. For recall notification provided to

BLUEWATER after 5:00 P.M. CCT and prior to 7:00 A.M. CCT, BLUEWATER

shall provide notification to all affected Replacement Customers no

later than 8:00 A.M. CCT after receipt of such recall notification.

 

BLUEWATER's 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 BLUEWATER, 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 Prorata Capacity.

 

In the recall notification provided to BLUEWATER 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 Prorata Capacity. In the event of an intraday capacity

recall, BLUEWATER shall determine the allocation of capacity between

the Releasing Customer and the Replacement Customer(s) based upon

the Elapsed Prorata Capacity.