Mogas Pipeline LLC (Fomerly Missouri Interstate Gas)
First Revised Volume No. 1
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Effective Date: 06/01/2008, Docket: CP06-407-002, Status: Effective
Original Sheet No. 74 Original Sheet No. 74 : Pending
GENERAL TERMS AND CONDITIONS
21. Capacity Release Program (continued)
(l) The term "Release Offer" shall mean the information
required by Section 21.4 herein provided by a Releasing Shipper
that desires to assign its Part 284 firm capacity, excluding any
capacity certificated pursuant to Part 157 of the Commission's
regulations, to a Replacement Shipper.
(m) The term "Releasing Shipper" shall mean any Shipper
holding firm capacity on Transporter's system that desires to
release its capacity on a temporary or permanent basis subject to
the terms and conditions set forth in this Section 21.
(n) The term "Replacement Shipper" shall mean a Shipper
receiving firm capacity rights of a Releasing Shipper pursuant to
a Release Offer under this Section 21.
(o) The term "Winning Bidder" shall mean the Approved
Bidder that submits the Winning Bid or, as applicable, a Pre-
Arranged Replacement Shipper who exercises the right to match the
Winning Bid pursuant to Section 21.3(d) below.
21.2 This Section 21 implements Section 284.8 of the FERC
regulations and is applicable to any Shipper that holds rights to
firm transportation and that elects to release temporarily or
assign permanently all or a portion of such firm transportation
rights ("Releasing Shipper"). For purposes of this Section 21,
the term "transportation," "transportation service" or
"transportation rights" shall include firm transportation service
offered under Rate Schedule FT, and the terms "capacity release,"
"release" or "released" shall apply to permanent assignments as
well as temporary releases unless otherwise noted. A Releasing
Shipper shall have the right to release any portion of its firm
transportation rights and obligations but only to the extent that
the rights so released are acquired by another party pursuant to
the provisions of this Section 21 that executes either a Released
Transportation Service Agreement for a temporary release or a Pre-
Assignment Agreement for a permanent assignment. Such party
shall be referred to herein as "Replacement Shipper." A person
that desires to bid on and obtain firm transportation rights
released under the provisions of this Section 21 shall be known
as a "Bidder."
21.3 (a) Prior to the commencement of service pursuant to
any release request, the Replacement Shipper shall submit to
Transporter, in accordance with Section 6.3 of Transporter's
General Terms and Conditions, a check equal to the lesser of
$10,000 or the total reservation charges under its Released
Transportation Service Agreement (or corresponding exhibit)
applicable to the released service for a three month period.
(b) Subject to any restrictions in the original
release, a Replacement Shipper shall be allowed to release the
capacity under its Released Transportation Service Agreement,
provided that the original release was not volumetrically based.
(c) The capacity release timeline is applicable to all
parties involved in the capacity release process; however, it is
only applicable if 1) all information provided by the parties to
the transaction is valid and the acquiring shipper has been
determined to be credit worthy before the capacity release bid is
tendered, 2) the Replacement Shipper is a party to a Released
Transportation Service Agreement, and 3) there are no special
terms or conditions of the release.