Venice Gathering System, L. L. C.

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-357-000, Status: Effective

Second Revised Sheet No. 118 Second Revised Sheet No. 118

Superseding: Substitute First Revised Sheet No. 118

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

b. Temporary Release

 

A Releasing Shipper may temporarily release all or

part of its firm capacity for a specified term without a

right of recall. The minimum term for any Temporary Release

is one (1) Day. A Replacement Shipper who is awarded firm

capacity pursuant to a Temporary Release shall execute a

Confirmation Letter pursuant to the Form of Service

Agreement for Firm Transportation Service. Such

Confirmation Letter will be for the released capacity at the

rate bid by the Replacement Shipper and accepted by the

Releasing Shipper, up to the maximum rate and for the term

bid by the Replacement Shipper. For Temporary Releases with

terms of one (1) year or less, if the release is to take effect

on or before one (1) year from the date on which VGS is notified

of the release, bids may be in excess of the maximum tariff rate.

All other Temporary Releases with terms of one (1) year or less,

and Temporary Releases with terms greater than one (1) year are

capped at the maximum tariff rate.

 

c. Temporary Release - Subject to Recall

 

A Releasing Shipper may temporarily release all or

part of its firm capacity subject to recall by the Releasing

Shipper upon the occurrence of the condition(s) specified in

the Releasing Shipper's Offer to Release Capacity. The

minimum term for any Temporary Release subject to recall

will be one (1) Day. A Replacement Shipper who is awarded

capacity pursuant to a Temporary Release subject to recall

shall execute a Confirmation Letter pursuant to the Form of

Service Agreement for Firm Transportation Service. Such

Confirmation Letter will be for the released capacity,

subject to the right of recall, at the rate bid by the

replacement shipper, and for the term bid by the Replacement

Shipper.