Kern River Gas Transmission Company

Second Revised Volume No. 1

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Effective Date: 11/01/2004, Docket: RP04-619-000, Status: Effective

Second Revised Sheet No. 141 Second Revised Sheet No. 141 : Effective

Superseding: First Revised Sheet No. 141

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

15. CAPACITY RELEASE PROGRAM (Continued)

 

15.2 Releasing Shipper's Release Request. (Continued)

 

(f) for temporary releases, whether the Release will occur on a

firm recallable or nonrecallable basis and, if on a

recallable basis, the specific terms and conditions under

which recall may occur;

 

(g) NAESB WGQ 5.3.8: "Reput method and rights should be

specified at the time of the deal. Reput methods and rights

are individually negotiated between the releasing shipper

and replacement shipper."

 

(h) whether bids may be submitted on a contingency basis

(including, but not limited to, the contingency that

Releasing Shipper will make a payment to Replacement Shipper

as consideration for accepting a release) and, if so, the

objective, nondiscriminatory terms and conditions governing

acceptance of such bids, and all related requirements

concerning any bids submitted on a non-contingency basis;

provided, however, that any and all such contingencies must

be resolved during the evaluation period;

 

(i) whether Releasing Shipper desires the: 1) highest rate, 2)

net revenue, 3) present value, or 4) other shipper-defined,

nondiscriminatory methodology agreed to by Transporter to be

utilized in determining the award of the Release rights;

 

(j) whether the Releasing Shipper desires to have the proposed

Release marketed by Transporter in accordance with Section

15.12;

 

(k) an irrevocable statement that, subject only to the

provisions of Section 15.4(d), the Releasing Shipper will

release its Transportation rights on the terms and

conditions set forth in its Release Request if all such

terms and conditions are accepted by a Bidder, including any

and all terms and conditions governing bids which may be

submitted on a contingency basis; and