Trunkline Gas Company, LLC

Third Revised Volume No. 1

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Effective Date: 05/17/2009, Docket: RP09-519-000, Status: Effective

Second Revised Sheet No. 260 Second Revised Sheet No. 260

Superseding: First Revised Sheet No. 260

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

9. CAPACITY RELEASE (Continued)

 

(G) In the event that a winning bid has a contingency, and

Trunkline is not notified through the Messenger® system that

such contingency has been removed within the time period

specified in the Shipper Notice, such contingent bid will be

rejected by Trunkline.

 

(H) The Releasing Shipper may define in the Shipper Notice the

criteria for determining the best bid. If the Releasing

Shipper does not specify the criteria, Trunkline shall use

the Net Present Value calculation as set forth in Section

10.3 herein to determine the best bid. If there are multiple

bids meeting the minimum conditions, Trunkline shall rank the

bids and Trunkline shall award the bids, best bid first,

until all offered capacity is awarded. Trunkline will

notify, through the Messenger® system by 2:00 p.m. Central

Time following the end of the posting period, or by 3:00 p.m.

Central Time if a matching period is applicable, the PRS or

Replacement Shipper that capacity has been awarded.

 

(I) Trunkline will post the winning bids and Replacement Shippers'

identity on the Messenger® system for at least five Business

Days.

 

9.5 Rights and Obligations of Releasing Shipper

 

(A) Regardless of the amount of capacity Releasing Shipper

releases under this Section 9, Releasing Shipper shall remain

liable for the Reservation Charges or Capacity and

Deliverability Charges attributable to the released capacity

unless otherwise agreed to in writing and in advance by

Trunkline. In the event of a permanent release, Trunkline

may, and will not unreasonably refuse to, waive liability of

Releasing Shipper for the Reservation Charges, Capacity and

Deliverability Charges or Conditional Reservation Charges.

Such permanent release shall provide the same economic value

as the original underlying agreement, or such difference

shall be funded by the Releasing Shipper, unless Trunkline

agrees otherwise.

 

(B) When capacity is awarded to Replacement Shipper, Releasing

Shipper must adjust or reconfirm its nominations to reflect

the capacity released. Trunkline will automatically change

Releasing Shipper's nominations to zero for the Service

Agreement under which capacity was released unless such

nominations are adjusted or reconfirmed by the Releasing

Shipper.