Great Lakes Gas Transmission Limited Partner

Second Revised Volume No. 1

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Effective Date: 04/18/2009, Docket: RP09-462-000, Status: Effective

Fourth Revised Sheet No. 44 Fourth Revised Sheet No. 44

Superseding: Third Revised Sheet No. 44

 

GENERAL TERMS AND CONDITIONS

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(continued)

 

 

15.16 TRANSPORTER'S RIGHT TO TERMINATE A TEMPORARY CAPACITY RELEASE

 

Transporter may elect to terminate a Replacement Shipper's individual Transportation Service

Agreement, or the Replacement Shipper's Award Acknowledgment in the event the Replacement

Shipper has executed a Master Service Agreement to cover multiple temporary capacity release

transactions, upon thirty (30) days prior written notice, under the following conditions:

 

(a) the Releasing Shipper has failed to maintain creditworthiness in accordance with

Section 26 of the General Terms and Conditions of this FERC Gas Tariff, Second

Revised Volume No. 1, as applicable, and under the provisions of that Section 26,

Transporter has terminated the Releasing Shipper's Transportation Service Agreement

from which capacity was released and assigned to the Replacement Shipper; and

 

(b) the rate payable to Transporter under the Replacement Shipper's individual

Transportation Service Agreement, or the Replacement Shipper's Award Acknowledgment,

is less than the Releasing Shipper's contract rate.

 

The Replacement Shipper may avoid termination of the Temporary Capacity Release if, prior to

the end of the 30-day notice period, the Replacement Shipper agrees that, beginning with the

first day after the end of the 30-day notice period, it will pay the lower of (1) the former

Releasing Shipper's contract rate, (2) the maximum tariff reservation and utilization rates

for Rate Schedule FT, Rate Schedule EFT, or Rate Schedule LFT service, as applicable, or (3)

such rate as mutually agreed upon by Transporter and Replacement Shipper, for the remaining

term of the Replacement Shipper's contract.