Southern Natural Gas Company

Seventh Revised Volume No. 1

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Effective Date: 07/30/2008, Docket: RP09-288-001, Status: Effective

Second Revised Sheet No. 174 Second Revised Sheet No. 174

Superseding: First Revised Sheet No. 174

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

Section 22.6(b)(2) (continued)

 

SHIPPER fails to withdraw or transfer to another CSS

SHIPPER from the offered capacity by the effective date of the

release. The RELEASING SHIPPER and ACQUIRING

SHIPPER shall be responsible for administering the sales

transaction at the price stated by the RELEASING SHIPPER

in its Offer. COMPANY'S only responsibility with respect to

the sale shall be to notify both parties of the volume of gas

remaining in the released storage capacity as soon as such

volume is known by COMPANY and to effect the transfer of

that volume of gas on its books as it relates to each party's

storage account.

 

(3) Once a RELEASING SHIPPER'S Offer is posted, it may be

withdrawn by the RELEASING SHIPPER at any time during

the bid period where unanticipated circumstances justify

and no minimum bid has been made.

 

(4) For releases that become effective on or after July 30, 2008, the

release of firm capacity must commence within one (1) year of the

date upon which the COMPANY is notified if the reservation charge

requirement is in excess of the maximum tariff rate and the term

of the proposed release is for one (1) year or less.

 

(c) RELEASING SHIPPER'S Offer: A RELEASING SHIPPER'S Offer

shall include, inter alia, the following standard information:

 

(1) the name of the RELEASING SHIPPER;

 

(2) the Rate Schedule(s) under which the capacity being offered for

release is held;

 

(3) the contract number(s) of the RELEASING SHIPPER'S

Service Agreement(s);