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First Revised Sheet No. 307 First Revised Sheet No. 307 : Superseded

Superseding: Original Sheet No. 307

GENERAL TERMS AND CONDITIONS

(continued)

 

29. CAPACITY RELEASE (continued)

 

29.13 Execution of Agreements

 

Transporter's acceptance of a bid shall constitute a binding

agreement between Transporter and the Releasing Customer under

which the Releasing Customer releases the capacity described in

the accepted bid and a binding agreement between Transporter and

the Replacement Customer under which the Replacement Customer

acquires those rights of the Releasing Customer that are

described

in the accepted bid. By 10:00 a.m. CT, on the day following the release of

capacity, Transporter will provide electronically to the Replacement Customer

a service agreement with a contract number for the capacity awarded. The

Replacement Customer will be required to execute and return to Transporter

within one day after receipt of such, a service agreement reflecting the

terms of the released capacity. Once the service agreement has been

executed, the terms of such agreement are not subject to amendment. At the

election of Transporter, the Releasing Customer shall promptly execute such

further documents as may be necessary to evidence its release of capacity.

Transporter shall not be obligated to initiate service to the Replacement

Customer until all documents necessary to effectuate the release are executed

and returned to

Transporter.