Granite State Gas Transmission, Inc.

Third Revised Volume No. 1

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Effective Date: 01/31/2003, Docket: RP97-153-000, Status: Effective

First Revised Sheet No. 296 First Revised Sheet No. 296 : Superseded

Superseding: Original Sheet No. 296

GENERAL TERMS AND CONDITIONS

(continued)

 

29. CAPACITY RELEASE

 

29.1 Purpose

 

This Article sets forth the specific terms and conditions which

shall apply on a uniform, non-discriminatory basis to the right

of firm Part 284 customers to release capacity entitlements on

the Transporter's system.

29.2 Applicability

This Article is applicable to any customer that has executed a

service agreement for firm transportation. Any such customer

shall have the right to release any portion of the firm

capacity entitlements it holds provided that the capacity

released is acquired by a Replacement Customer pursuant to the

terms of this Article.

29.3 General Provisions

Any firm customer is eligible to release its firm transportation

capacity for use by a Replacement Customer subject to the provi

sions of this Article.

(i) A Releasing Customer may release any portion of its

capacity

between a minimum release requirement of 100 Dth/d and its

Maximum Daily Quantity, and may release capacity for a

minimum term of one day up to the remaining term of its

firm service agreement.

 

(ii) Any Replacement Customer which has previously contracted

for released capacity may also release the capacity to

another party as long as the remaining term for the

released capacity is for more than one month. While there

is no restriction on the number of times capacity can be

released, the original terms and conditions on release

imposed by the Releasing Customer, including any right to

recall the capacity will continue to apply to all

subsequent releases.

 

(iii) Any party interested in acquiring capacity through this

Capacity Release Program must submit all credit

information required in Article 25 of these General Terms

and Conditions and be prequalified before the party can

submit bids under Transporter's capacity release program.