Tennessee Gas Pipeline Company

FIFTH REVISED VOLUME NO. 1

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Effective Date: 05/01/2000, Docket: RP00- 229-000, Status: Effective

Third Revised Sheet No. 346A Third Revised Sheet No. 346A : Effective

Superseding: Second Revised Sheet No. 346A

 

 

GENERAL TERMS AND CONDITIONS (continued)

 

 

same IS service point as the Releasing Shipper, Transporter shall also

prepare and transmit to the Replacement Shipper for execution an IS

Service Agreement. The term of the IS Service Agreement shall be no

less than the term of the release. Releasing Shipper's Storage Service

Agreement will be amended, via PASSKEY, to reflect the fact that the

Releasing Shipper has released all or a portion of its storage rights

effective as of the date of Replacement Shipper's Service Agreement

("Amended Service Agreement"). Provided that in the event of a recall

of the capacity by the Releasing Shipper in accord with the terms of

the Release Request, the Replacement Shipper's Service Agreement will

be suspended for the period of the recall with all the rights and

obligations thereunder reverting to Releasing Shipper under its Amended

Service Agreement.

 

12.7 Applicable Deadlines

 

(a) The deadlines for the posting and award of a Release Request and the

corresponding minimum Bidding Periods are as specified in Section

11.7(b) with respect to the release of transportation services.

 

(b) The deadlines set forth in this Section 12 are only applicable if (i)

all the information provided by the parties to the transaction is valid

and the Replacement Shipper has been determined to be creditworthy

before the capacity release bid is tendered; and (ii) there are no

special terms or conditions of the release. Nominations by the winning

bidder may be submitted for the next gas flow day or at the times

otherwise specified for intra-day or hourly nominations.