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

First Revised Sheet No. 139 First Revised Sheet No. 139

Superseding: Original Sheet No. 139

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

If no bids are submitted by the bid deadline, the

Releasing Shipper's Offer will be removed from VGS' Internet

Home Page.

 

13.9 Prearranged Releases

 

a. Prearranged Releases Not Subject to

Bidding

 

(1) Thirty-one Days or Less

 

A Releasing Shipper may release its firm capacity to

a Prearranged Replacement Shipper for a term of 31 days or

less without prior posting or bidding for the released

capacity. The Releasing Shipper and its Prearranged

Replacement Shipper shall notify VGS of the terms of the

prearranged release. VGS will post on its Internet Home

Page an announcement of the release in accordance with the

time line specified in Subsection 13.4. The Prearranged

Replacement Shipper must comply with the prequalification

requirements applicable to the bid process and the

creditworthiness requirements of this Section 13. The

Prearranged Replacement Shipper shall also execute a

Confirmation Letter for the released capacity at the rate

and for the term specified in the aforementioned notice to

VGS. Once the term of the release hereunder has expired,

the Releasing Shipper cannot rollover or extend the release

period, or re-release its capacity to the same Replacement

Shipper under this provision until twenty-eight (28) days or

more have elapsed since the termination of the prior

release. However, the Releasing Shipper may release the

capacity to the same Replacement Shipper if the capacity is

posted for bidding under the provisions of Subsection

13.9(b) or the Releasing Shipper may release the capacity to an

asset manager under an AMA or to a marketer under a state-

regulated retail access program, as defined in 18 C.F.R. 284.8.