Tennessee Gas Pipeline Company

FIFTH REVISED VOLUME NO. 1

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Effective Date: 02/26/2009, Docket: RP09-282-000, Status: Effective

Fourth Revised Sheet No. 325 Fourth Revised Sheet No. 325

Superseding: Third Revised Sheet No. 325

 

GENERAL TERMS AND CONDITIONS (continued)

 

 

11.1 Releasing Shipper's Request for Assignment

 

A Releasing Shipper that desires to release its rights to service on a

basis which does not qualify for an exemption from prior posting pursuant

to Section 11.3, may post directly on PASSKEY a Release Request

containing the information set forth below. If Releasing Shipper desires

to establish a minimum rate for acceptable bids, then Releasing Shipper

shall either include such minimum rate in its Release Request or include

in its Release Request a statement that the minimum rate has been

provided to Transporter. If Releasing Shipper elects to provide the

minimum rate solely to Transporter, then Transporter shall not reveal

such rate until after the awarding of the subject capacity and the

execution of a service agreement between Transporter and Replacement

Shipper. At such time Transporter will post the minimum rate under the

release on PASSKEY.

 

a) Releasing Shipper's name and Transportation Service Agreement

number;

 

b) the Transportation Quantity to be released (including any minimum

acceptable level);

 

c) the proposed commencement date and term of the release (including

any minimum acceptable term);

 

d) the primary receipt points and primary delivery points for the

released service and the amount of the firm capacity to be released

at each such point (the total receipt point capacity released shall

equal the total delivery point capacity released, which shall equal

the Transportation Quantity released);

 

e) the reservation and/or usage rate(s) and all other applicable

rate(s), charges and surcharges for the released service; provided,

however, the rate(s) charged for a release of capacity for more than

one (1) year may not exceed the applicable maximum rate(s);

 

f) whether the transportation rights are to be subject to recall or

reput in accord with Section 11.11(g), and if so, the specific

conditions for recall or reput of the capacity;

 

g) whether contingent bids will be accepted for evaluation and, if so,

whether the contingency can extend beyond the Bidding Period; if the

contingency may extend beyond the Bidding Period, whether, and for

what time period, the next highest bidder will be obligated to

acquire the capacity should the winning contingent bidder exercise

its option not to take the capacity;

 

h) whether the release is contingent on Releasing Shipper's ability to

release associated capacity on another pipeline and, if so, all

conditions associated with such contingency;