Granite State Gas Transmission, Inc.

Fourth Revised Volume No. 1

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Effective Date: 03/01/2010, Docket: RP10-322-000, Status: Effective

Original Sheet No. 126 Original Sheet No. 126

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

26. CAPACITY RELEASE (continued)

 

26.13 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. Within one hour after posting of the

capacity award, 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.