Gulfstream Natural Gas System, L.L.C.

Original Volume No. 1

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Effective Date: 05/21/2002, Docket: CP00- 6-004, Status: Effective

Original Sheet No. 172 Original Sheet No. 172 : Effective

 

 

 

GENERAL TERMS AND CONDITIONS

(CONTINUED)

 

 

26. CAPACITY RELEASE PROVISIONS

 

This section sets forth the terms and conditions that are

applicable to the release of firm entitlements under various

services that are provided pursuant to this Tariff.

 

26.1 Procedure. Capacity released shall be subject to the terms

and conditions of this Section 26.1.

 

(a) Eligibility. Any Shipper ("Releasing Shipper") under

Rate Schedule FTS of this Tariff, shall be entitled,

subject to the terms and conditions of this Section

26.1, to release any or all of its firm

Transportation entitlements held under an Agreement

but only to the extent that the capacity so released

is acquired by another Shipper ("Replacement

Shipper") pursuant to the provisions of this Section

26.1. Any such release shall result in a temporary

suspension of the Releasing Shipper's right to use

the released firm entitlements. In the case of

segmented capacity releases, for the MDQ and MHQ

released, the upstream segment Shipper shall be

permitted to nominate as a secondary point all points

both upstream of the receipt point and in the same

direction as the Releasing Shipper's Primary Route,

and the downstream segment Shipper shall be permitted

to nominate as a secondary point all points both

downstream of the delivery point and in the same

direction as the Releasing Shipper's Primary Route,

provided that the nominations of the Releasing and

Replacement Shippers do not result in an overlap with

another capacity release transaction.