Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

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Effective Date: 11/16/1997, Docket: RP98- 18-000, Status: Effective

Second Revised Sheet No. 107 Second Revised Sheet No. 107 : Effective

Superseding: FIRST REVISED SHEET NO. 107

 

the Replacement Shipper in connection with the release

transaction. A Releasing Shipper paying Transporter a

discounted Transportation Demand Charge is entitled to

receive a credit equal to the full amount of the Replacement

Demand Charge (or its volumetric equivalent as determined

pursuant to Section 28.14 of the General Terms and

Conditions) billed to the Replacement Shipper even if that

charge exceeds Releasing Shipper's discounted Transportation

Demand Charge. This credit will be reduced by the amount of

any applicable marketing or other fees described in

Section 28.15 to the extent such fees have not already been

paid.

 

28.18 Obligations of Releasing Shipper. Where

capacity has been released for the entire remaining term of

a Releasing Shipper's Gas Transportation Contract, the

Releasing Shipper may request Transporter to amend its Gas

Transportation Contract to reflect that release of capacity.

Unless Transporter agrees in writing to such an amendment,

which may be conditioned on exit fees or other terms and

conditions, the Releasing Shipper shall remain bound by and

liable for payment of the Transportation Demand Charge(s)

applicable to the released capacity. In the event that the

Replacement Shipper(s) fails to pay any or all of the amount

of its Replacement Demand Charge(s) in a timely manner, all

the terms of Section 14.3 of this Tariff with regard to non-

payment shall apply. In no event, shall any remedy under

Section 14.3 relieve the Releasing Shipper from its

obligations under its Gas Transportation Contract for Firm

Reserved Service or this Tariff. In no event shall the fact

that Transporter has followed the credit evaluation

procedures provided in Section 3 of this Tariff release the

Releasing Shipper from its obligations to pay the

Transportation Demand Charge(s) applicable to the released

capacity.

 

28.19 Priority of Released Capacity. Capacity

released under the terms of this Section 28 shall have the

same priority as the capacity held by the Releasing Shipper

under its original Gas Transportation Contract, which shall

include the right to alternative Receipt and Delivery Points

set forth in Section 7 of this Tariff.