Destin Pipeline Company, L.L.C.
Original Volume No. 1
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Effective Date: 02/23/2009, Docket: RP09-251-000, Status: Effective
Fourth Revised Sheet No. 98 Fourth Revised Sheet No. 98
Superseding: Third Revised Sheet No. 98
GENERAL TERMS AND CONDITIONS
18. SHIPPER RELEASE OF FIRM CAPACITY
This Section 18 sets forth the sole means by which a firm SHIPPER
(RELEASING SHIPPER) may, pursuant to Section 284.8 of the
Commission's Regulations, release its firm capacity rights under
a Service Agreement with the COMPANY to a third party (ACQUIRING
18.2 Capacity Eligible For Release:
A SHIPPER with a Service Agreement with the COMPANY under Rate
Schedules FT-1 and FT-2 may release firm capacity pursuant to
this Section 18.
18.3 Types of Releases:
(a) Permanent Release: A RELEASING SHIPPER may release all or
part of its firm capacity under a Service Agreement with the
COMPANY for the entire remaining term of the Service
Agreement (Permanent Release) pursuant to the provisions of
this Section 18. A Permanent Release is an assignment of
capacity and any associated rights of the RELEASING SHIPPER
under Section 17 hereof for avoiding pregranted abandonment.
Therefore, the ACQUIRING SHIPPER must meet the COMPANY's
requirements related to creditworthiness set forth in
Section 2.1(g) of the General Terms and Conditions
applicable to the RELEASING SHIPPER's Service Agreement.
The ACQUIRING SHIPPER shall be required to execute a
separate firm Service Agreement with the COMPANY for the
released capacity at the maximum rate applicable to and for
the primary term remaining under the RELEASING SHIPPER's
Service Agreement with the COMPANY, unless the COMPANY
agrees otherwise in a nondiscriminatory manner.
Furthermore, the ACQUIRING SHIPPER must contract for the
firm Receipt and Delivery Points specifically set forth in a
RELEASING SHIPPER's Offer of firm capacity under Section
18.6(c) below or alternate Receipt Points subject to the
availability of capacity at and from such points.