Tennessee Gas Pipeline Company

FIFTH REVISED VOLUME NO. 1

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Effective Date: 05/01/2004, Docket: RP04-233-003, Status: Effective

2nd Sub First Revised Sheet No. 339C 2nd Sub First Revised Sheet No. 339C : Effective

 

 

 

GENERAL TERMS AND CONDITIONS (continued)

 

 

(p) Upon thirty days written notice to Releasing Shipper and

Replacement Shipper that Releasing Shipper's contract will be

terminated, and provided that Releasing Shipper's contract is

subsequently terminated pursuant to such notice, Transporter may

elect to terminate Replacement Shipper's Agreement if (1) the rate

stated in the effective Replacement Shipper's Agreement is less

than the maximum Reservation Rate and Commodity Rate for the

contracted for Service and (2) the Replacement Shipper has not,

prior to the expiration of the notice period, executed an amendment

to such Replacement Shipper's Agreement, agreeing to pay, beginning

the first day after the end of the notice period and for the

remainder of the term of the Replacement Shipper's Agreement, the

lesser of (a) the Releasing Shipper's contract rate (b) the maximum

tariff rate for the service, or (c) a mutually agreed upon rate.