Young Gas Storage Company, Ltd.

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

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

(Continued)

 

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

NAESB Standards.

 

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.