Tres Palacios Gas Storage LLC

Original Volume No. 1

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Effective Date: 02/25/2009, Docket: RP09-260-002, Status: Effective

Substitute Original Sheet No. 115A Substitute Original Sheet No. 115A

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(r) A description of any Storage Inventory that must be

transferred with released storage capacity, including (i) the

quantity of Gas in Storage Inventory to be transferred to the

Replacement Customer at the beginning of the release term, (ii)

the quantity of Gas which Replacement Customer is to cause to be

in the Storage Inventory to be transferred to the Releasing

Customer at the end of the release term, (iii) the price(s) (if

applicable) to be paid by the Replacement Customer to the

Releasing Customer and/or by the Releasing Customer to the

Replacement Customer for the transfers of Gas in Storage Inventory

described in items (i) and (ii), and (iv) any other reasonable

conditions that the Releasing Customer chooses to place on the

storage inventory transfers.

 

4.2 Intraday Release Quantity. The daily contractual

entitlement that can be released by a Releasing Customer for an

intraday release is limited to the lesser of:

 

(a) the quantity contained in the offer submitted by

the Releasing Customer; or

 

(b) a quantity equal to 1/24th of the Releasing

Customer's MDIQ and MDWQ for the contract to be released

multiplied by the number of hours between the effective time of

the release and the end of the Day.