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. 309 Original Sheet No. 309 : Effective

 

GENERAL TERMS AND CONDITIONS

(continued)

 

(ii) furnish and maintain for the term of the Service

Agreement a written guarantee in a form satisfactory to

Transporter from a third party which is creditworthy as

determined in Section 16(a) and (b); or (iii) furnish other

security reasonably acceptable to Transporter and its

lenders, then the Relinquishing Shipper shall remain

responsible for all Reservation Charges (including all

applicable demand or reservation type surcharges) under the

existing contract, subject to the billing adjustment and

revenue sharing and crediting mechanism set forth below.

With respect to all other relinquishments, Relinquishing

Shipper shall remain responsible for all Reservation Charges

under the existing contract, subject to the billing

adjustment and revenue sharing and crediting mechanisms set

forth below.

 

3. Status of Acquiring Shipper. An Acquiring Shipper who executes a

new service agreement pursuant to the terms and conditions of this

Section 18 shall, upon execution of such new service agreement, be

considered a firm Shipper for all purposes under Transporter's

FERC Gas Tariff, and shall be entitled to the rights (and subject

to the obligations) of a Shipper under Rate Schedule FTS-1, FTS-WD

or FTS-2, as applicable, including, without limitation, the right

to participate in Transporter's capacity relinquishment program

pursuant to this Section 18, and the right to use alternate

receipt and delivery points as provided for in such Rate

Schedules; provided, however, that a Shipper who acquires a

segment of capacity under Rate Schedule FTS-1 or FTS-2 which is

located entirely within Transporter's Western Division acquires

the Primary and Alternate Delivery Point rights of a Western

Division Shipper.

 

I. Creditworthiness:

 

Pre-Qualified Bidder Requirement. All parties desiring to acquire firm

capacity must be determined to be creditworthy under Transporter's FERC

Gas tariff, Section 16, prior to bidding on and being awarded

relinquished capacity hereunder. A bidder's creditworthiness shall be

assessed on the same basis as a Shipper's creditworthiness under the

terms of Transporter's Rate Schedule FTS-1, FTS-WD or FTS-2, as

applicable.