Young Gas Storage Company, Ltd.
Original Volume No. 1
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Effective Date: 08/01/2010, Docket: RP10-921-000, Status: Effective
Second Revised Sheet No. 80F Second Revised Sheet No. 80F
Superseding: First Revised Sheet No. 80F
GENERAL TERMS AND CONDITIONS
9. CAPACITY RELEASE PROGRAM
9.1 Purpose. This Section sets forth the specific terms and conditions
applicable to Transporter's capacity release program.
9.2 Applicability. This Section 9 is applicable to any Releasing
Shipper(s), or any Replacement Shipper(s), who elects to release
all or a portion of its firm capacity under Rate Schedule FS-1.
Releasing Shipper(s) as defined in Section 1 of these General Terms
and Conditions shall have the right to release, on a permanent or
temporary basis, any portion of its firm capacity rights held under
a Service Agreement with Transporter, but only to the extent that
the capacity so released is acquired by another Shipper pursuant to
this Section 9. Replacement Agreements based on a volumetric
reservation rate are not subject to further release.
9.3 Availability of Released Capacity. Released capacity shall be made
available on a nondiscriminatory basis and shall be assigned on the
basis of an open season or prearrangement in accordance with the
procedures of this Section 9 and, where appropriate, the applicable
9.4 Qualification for Participation in the Capacity Release Program. Any
Shipper, whether seeking to acquire capacity under bid or a
prearranged release must be prequalified by Transporter prior to
submitting a bid for released capacity. To be prequalified, a
Shipper must satisfy Transporter's creditworthiness requirements.
Notwithstanding such qualification to participate in the capacity
release program, Transporter does not guarantee the payment of any
outstanding amounts by a Replacement Shipper.