Michigan Gas Storage Company
First Revised Volume No 1
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Effective Date: 03/27/2000, Docket: RP00-523-000, Status: Effective
Third Revised Sheet No. 61 Third Revised Sheet No. 61 : Superseded
Superseding: Second Revised Sheet No. 61
GENERAL TERMS AND CONDITIONS
(b) The party who accepts the Releasing Shipper's assignment
("Replacement Shipper") must execute a Service Agreement
with MGS as prescribed by this tariff, except as provided
in Section 21.6(a).
(c) A Replacement Shipper may also assign its Service Agreement
as a Releasing Shipper pursuant to this Section 22.
(d) Notwithstanding any other requirements contained in these
tariffs, for the period March 27, 2000 through September 30,
2002, there shall be no maximum rate for release or capacity
with a term of less than one year.
21.2 Initiation of the Assignment of Service Rights
(a) To initiate the assignment of service rights, the Releasing
Shipper must execute and deliver to MGS a Release Notice in
the form prescribed in Section 22.8 of the General Terms
and Conditions of this tariff.
(b) In the Release Notice, the Releasing Shipper must specify
the acceptable term and minimum rate of the assignment, as
well as if the assignment is subject to recall. The
Releasing Shipper may specify other, nondiscriminatory
conditions in the Release Notice, provided, however, that
the conditions are not in conflict with the Service
Agreement, the applicable Rate Schedule, or these General
Terms and Conditions. The Releasing Shipper may release
capacity on a volumetric basis, provided that all
conditions of the release are specified in the Release
(a) MGS will post the information provided in the Release
Notice, as well as offers, bids and prearranged deals on
the electronic bulletin board upon receipt, or such other
time as requested by the Releasing Shipper that is in
accordance with the timeline set forth in Section 22.4.
The posting will include the MDQ or MSQ available for
assignment, the Points of Receipt and Delivery and the
released quantity for each point, the term of the
assignment, whether the assignment is firm or recallable
and the recall conditions, as well as the methods and
rights associated with returning the previously recalled
capacity to the Replacement Shipper, if applicable, the
minimum rate the Releasing Shipper will accept, and any
special conditions applicable to the assignment.
The Releasing Shipper may express the minimum acceptable
rate in dollars and cents or percents of maximum tariff
rate. The Releasing Shipper should also state whether it
requires a volumetric MMBtu or Dth committment.