Panther Interstate Pipeline Energy, L.L.C.

Original Volume No. 1

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Effective Date: 02/21/2009, Docket: RP09-241-000, Status: Effective

First Revised Sheet No. 44 First Revised Sheet No. 44

Superseding: Original Sheet No. 44

 

11.5 Further Conditions on Release of Transportation:

 

(a) Persons participating in this capacity release program agree

to be bound by and shall comply with the terms and

conditions of this Tariff, and all applicable Commission

rules, orders and regulations.

 

(b) All terms and conditions in all release requests must be

objectively stated, applicable to all Bidders and

nondiscriminatory.

 

(c) The minimum term for release shall be one day and the

maximum term shall be the remaining term of the Releasing

Shipper's transportation service agreement.

 

(d) The maximum rate for any capacity release for a term of more

than one year shall be the applicable maximum demand charge

and commodity charges, as well as all other applicable

rates, charges, and surcharges set forth in this Tariff,

notwithstanding any discount with respect to such rates,

charges or surcharges then in effect for the Releasing

Shipper. Alternatively, releases may be on the basis of a

volumetric charge, up to the 100% load factor directive of

the maximum demand and commodity charges. No other rate

form will be permitted for a release. Except for volumetric

rates, no release may be on a Negotiated Rate basis, even if

the Releasing Shipper is paying a Negotiated Rate. No

maximum rate limitation applies to the release of capacity

for a period of one year or less if the release is to take

effect on or before one year from the date on which

Transporter is notified of the release.

 

Converting a daily rate to a monthly rate is accomplished by

multiplying the daily rate times 365; dividing the result by

12; and taking the remainder out to 5 decimal places.

Converting a monthly rate to a daily rate is accomplished by

multiplying the monthly rate times 12; dividing the result

by 365; and taking the remainder out to 5 decimal places and

rounding up or down.

 

(e) (i) All terms and conditions of all releases must be

consistent with the terms and conditions of the

Releasing Shipper's FT Agreement and with this Tariff,

including the provisions on nominations and scheduling

of transportation and curtailment of service.

 

(ii) Bids are binding until written or electronic notice of

withdrawal is received by Transporter. Bids cannot be

withdrawn after the bid period ends.