UGI LNG, Inc

Original Volume No. 1

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Effective Date: 06/01/2009, Docket: RP09-365-000, Status: Effective

Original Sheet No. 64 Original Sheet No. 64

 

18.14 Permanent Releases

 

A Customer which has a currently effective executed service

agreement with Company under Company's Rate Schedules LNG-F or

LF-F may release its capacity to a third party ("Replacement

Customer") for the remaining term of the contract and be relieved

of all liability under its service agreement prospective from the

effective date of such release, provided that the following

conditions are satisfied:

 

(a) Customer's capacity was not acquired under temporary

capacity release pursuant to this Section 18.

 

(b) the Replacement Customer executes a new service agreement

under Rate schedules LNG-F pursuant to Part 284 of the

regulations of the FERC that is subject to pre-granted abandonment;

 

(c) the Replacement Customer agrees to pay the maximum rates for

service thereunder (unless otherwise agreed to by Company) and

accepts all prospective obligations of the Releasing Customer; and

 

(d) the Replacement Customer meets the creditworthiness

requirements contained in Section 19 of these General Terms and

Conditions.

 

18.15 Treatment of LNG Storage Inventory

 

The release of LNG storage capacity (or recall or termination

thereof) requires the Releasing or Replacement Customer, as

applicable, to have withdrawn or transferred any storage inventory

balance related to such release capacity by the effective date

of such release, recall or termination. A transfer of storage

inventory may be concurrent with a release of storage capacity

(or recall or termination thereof). If the Releasing or Replacement

Customer, as applicable, fails to eliminate any remaining storage

inventory balance related to released storage capacity, then such

remaining balance may be confiscated by Company and retained, free

and clear of all claims and liens.

 

19. CREDIT WORTHINESS

 

19.1 Company shall not be required to provide service to any

Customer who fails to meet Company's standards for credit

worthiness. In this regard Company may require that

Customer provide the following information: