Florida Gas Transmission Company, LLC

Fourth Revised Volume No. 1

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Effective Date: 09/01/2006, Docket: RP06-463-000, Status: Effective

Original Sheet No. 308 Original Sheet No. 308 : Effective

 

 

GENERAL TERMS AND CONDITIONS

(continued)

 

H. Consummation and Effect of Relinquishment:

 

1. The posting process shall occur on Transporter's TECM located on

Transporter's Internet website. The posting process will be utilized to

execute both amendments to the service agreements with the Relinquishing

Shipper and new service agreements with the Acquiring Shipper, all as

more fully described in Section 9.B of these General Terms and

Conditions. The amendment to the service agreement of the Relinquishing

Shipper shall change the underlying service agreement to reflect the

capacity rights released. The new service agreement with the Acquiring

Shipper shall reflect the capacity rights acquired.

 

2. Status of Relinquishing Shipper. With respect to Permanent

Relinquishments only, upon execution by Transporter and Acquiring

Shipper of the new service agreement, and effective as of the effective

date of said new service agreement, the Relinquishing Shipper shall,

except as otherwise agreed to by Transporter and Relinquishing Shipper,

be relieved of liability under its existing service agreement, but only

to the extent of the quantity of the executed new service agreement;

provided, however, that in the event the Acquiring Shipper at the time

of the relinquishment does not (i) satisfy the criteria set forth in

Section 16(a) and (b) of these General Terms and Conditions;