Venice Gathering System, L. L. C.

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

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

Second Revised Sheet No. 120 Second Revised Sheet No. 120

Superseding: Substitute First Revised Sheet No. 120

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

d. Secondary Release of Firm Capacity

 

Following execution of a Confirmation Letter pursuant

to the Form of Service Agreement for Firm Transportation

Service, for firm capacity released in accordance with this

Section 13, a Replacement Shipper may subsequently release

the capacity it has acquired in accordance with the terms of

this Section 13, thereby becoming a Secondary Releasing

Shipper; provided, however, a Secondary Release is not

permitted for capacity acquired under a volumetric rate. A

Secondary Release of capacity cannot operate to release

greater capacity rights than the capacity acquired by the

Secondary Releasing Shipper. To the extent that a Secondary

Releasing Shipper acquired firm capacity is subject to

recall in accordance with Subsection 12.2(c), the capacity

then released by the Secondary Releasing Shipper, and any

subsequent Secondary Release of the capacity thereafter,

shall also be subject to the same right of recall. A

Replacement Shipper who is awarded firm capacity under a

Secondary Release shall be required to execute a

Confirmation Letter 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. A Secondary Release for 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, may be at

a rate in excess of the maximum tariff rate. All other Secondary

Releases with terms of one (1) year or less, and Secondary

Releases with terms greater than one (1) year are capped at the

maximum tariff rate.

 

13.3 Term of Release

 

The minimum term for any release, whether permanent,

temporary, temporary subject to recall, or secondary is one

(1) day. The maximum term for any release shall be the

remaining primary term in the Releasing Shipper's Firm

Service Agreement.