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applicable, to have withdrawn or transferred any storage inventory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: