Tennessee Gas Pipeline Company

FIFTH REVISED VOLUME NO. 1

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Effective Date: 08/01/2009, Docket: RP09-737-000, Status: Effective

Eleventh Revised Sheet No. 329 Eleventh Revised Sheet No. 329

Superseding: Substitute Tenth Revised Sheet No. 329

 

GENERAL TERMS AND CONDITIONS (continued)

 

(c) Release to an Asset Manager: The release is to an Asset Manager

as defined in 18 C.F.R. Section 284.8(h)(3) of the Federal

Energy Regulatory Commission's ("FERC's") regulations ("Asset

Manager") provided that prior to the commencement of service

the Releasing Shipper (1) provides Transporter with the

information specified in Section 11.1(a)-(f), and (k) and (2)

posts:

 

(i) The release is to an Asset Manager; and

 

(ii) The obligation of the Asset Manager to deliver gas to,

or purchase gas from the Releasing Shipper including the

volumetric level of the obligation and the time periods

the obligation is in effect.

 

(d) Release to a Marketer in a State-Regulated Retail Access

Program: The release is to a Marketer in a State-Regulated

Retail Access Program as defined in 18 C.F.R. Section

248.8(h)(4) of the FERC's regulations ("State-Regulated Retail

Access Program") provided that prior to the commencement of

service the Releasing Shipper (1) provides Transporter with the

information specified in Section 11.1(a)-(f), and (1) and (2)

posts that the release is to a marketer participating in a

State-Regulated Retail Access Program.

 

11.4 Posting of Release Requests and Replacement Shipper Requests

 

(a) Releasing Shipper shall post all applicable information

required by Section 11.1 on PASSKEY, which system will

automatically assign an individual release number to such

Release Request. The period of time for posting of the

information ("Posting Period"), and the period of time during

which bids will be received on such Release Request ("Bidding

Period"), shall be as set forth in Section 11.7.

 

(b) NAESB Standard 5.3.14 (Version 1.8) states: Offers should be

binding until written or electronic notice of withdrawal is

received by the capacity release service provider. Further,

NAESB Standard 5.3.16 (Version 1.8) states: The releasing

party has the right to withdraw its offer during the bid

period, where unanticipated circumstances justify and no

minimum bid has been made.

 

(c) Replacement Shipper shall post all applicable information

required by Section 11.2 on PASSKEY. Such requests shall

remain posted for a period of four weeks or until a transaction

is effected, which ever is shorter.

 

(d) Transporter makes no representation or warranty to any party

concerning the accuracy or completeness of any posted information

or concerning the willingness or ability of any Releasing Shipper

to release transportation rights hereunder or of any Replacement

Shipper to accept transportation rights hereunder. Transporter

shall not be liable to any party for any damages, of any nature

whatsoever, including without limitation any special, incidental

or consequential damages, or any other kind that may arise in

connection with the posting of information hereunder, except as

provided in the System License Agreement or the Trading Partner

Agreement entered into between Transporter and each user of

PASSKEY.