Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-329-000, Status: Effective

First Revised Sheet No. 120 First Revised Sheet No. 120

Superseding: Original Sheet No. 120

 

GENERAL TERMS AND CONDITIONS (cont'd)

19.3 Types of Releases - (cont'd)

 

(b) Temporary Release: A RELEASING SHIPPER may release all or

part of its firm capacity under a TSA for a term less than

the remaining term of the TSA ("Temporary Release"),

pursuant to one of the following methods and the further

provision of this Section 19.

 

(i) Firm Temporary Release: A RELEASING SHIPPER may

temporarily release capacity on a firm basis for a

specified term without a right of recall, except as

provided in subsection 19.3 (c). The minimum term for

any Firm Temporary Release shall be one contract day.

All Firm Temporary Releases exceeding one contract day

must be offered for a consecutive number of days, but

such release can commence on any day during the month.

No rate cap applies to releases 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

the pipeline is notified of the release.

 

(ii) Temporary Release Subject to Recall: Subject to the

provisions of Section 19.4, a RELEASING SHIPPER may

temporarily release firm capacity subject to a right

of recall by the RELEASING SHIPPER upon the occurrence

of the condition precedent specified in the RELEASING

SHIPPER's Offer under subsection 19.6(c). The minimum

term for any Temporary Release Subject to Recall shall

be one contract day. Any Temporary Release Subject to

recall offered for more than one contract day must be

offered for a consecutive number of days, but such

release can commence on any day during the month.

 

(c) Secondary Release of Firm Capacity: An ACQUIRING SHIPPER

who has acquired firm capacity hereunder on a temporary

basis subject to that option being part of the RELEASING

SHIPPER's Offer, may subsequently release the capacity it

has acquired, as set forth on the Addendum to its Form of

Service Agreement for Temporary Release of Firm

Transportation Capacity, in accordance with the terms of

this Section 19 ("Secondary Release"), thereby becoming a

RELEASING SHIPPER. That RELEASING SHIPPER shall provide the

original RELEASING SHIPPER the name, telephone number and

facsimile number of a contact party of the ACQUIRING

SHIPPER. A Secondary Release of capacity cannot operate to

release greater capacity rights than the capacity acquired

by the RELEASING SHIPPER. Furthermore, to the extent that a

RELEASING SHIPPER acquired firm capacity subject to a right

of recall, the capacity then released by the RELEASING

SHIPPER, and any subsequent Secondary Release of the

capacity thereafter, shall also be subject to the right of

recall.