Granite State Gas Transmission, Inc.
Third Revised Volume No. 1
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Effective Date: 01/31/2003, Docket: RP00-502-000, Status: Effective
Third Revised Sheet No. 297 Third Revised Sheet No. 297 : Superseded
Superseding: Second Revised Sheet No. 297
GENERAL TERMS AND CONDITIONS
29. CAPACITY RELEASE (continued)
29.3 General Provisions
(iv) Transporter will enter into a Service Agreement
with the Replacement Customer prior to the
commencement of service which confirms the terms
and conditions applicable to the released
capacity. A Replacement Customer acquires all
rights and obligations of the Releasing Customer
except that it will not be permitted to change
the primary receipt and delivery points
specified in its service agreement unless the
subject capacity has been released on a
permanent, non-recallable basis.
(v) Irrespective of the release of its capacity,
the Releasing Customer remains bound and liable
for performance under its service agreement
unless excused in writing by Transporter. The
excuse of performance under a service agreement
of a Releasing Customer shall be at
Transporter's sole discretion, and may be
conditioned on exit fees or other requirements.
(vi) A Releasing Customer may release capacity on a
firm or recallable basis, but not both
(vii) Any specific release conditions requested by
a Releasing Customer must relate solely to
acquiring capacity on the Transporter's system,
be operationally feasible, and be
nondiscriminatory to other Shippers.
(viii) Upon electronic notification to Transporter, a
bid may be withdrawn after it is received by
Transporter at any time prior to the expiration
of the bidding period. Once a bid from an
approved bidder is accepted by Transporter, it
shall be considered a legally binding agreement.
Transporter will post all completed release
transactions on its electronic bulletin board.
(ix) Bids for released capacity, including bids for
released capacity under negotiated rate
agreements, may not exceed the maximum tariff
rate including all surcharges for the applicable
service set forth in Transporter's FERC Gas
Tariff, as may be changed from time to time;
provided, however, that until September 30,
2002, the maximum rate ceiling does not apply
to capacity release transactions of less than
one year. Bids may be adjusted to reflect
either a daily or monthly rate as well as any
other time-period rate. Further, the format
of a bid should include the same number
of decimal places as the rates included
elsewhere in this tariff.