Young Gas Storage Company, Ltd.

Original Volume No. 1

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Effective Date: 08/01/2010, Docket: RP10-921-000, Status: Effective

Fifth Revised Sheet No. 86 Fifth Revised Sheet No. 86

Superseding: Fourth Revised Sheet No. 86

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

9.14 Execution of Agreements or Amendments.

(a) The successful bidder (or successful prearranged Shipper) for

capacity shall become the Replacement Shipper and its bid for

capacity, or the posting of prearranged release pursuant to

Sections 9.9 and 9.11 shall be binding. The bid submitted by

the Replacement Shipper, as supplemented by the posting of

capacity release on Transporter's electronic bulletin board,

shall constitute the Replacement Capacity Agreement and the

corresponding amendment to Releasing Shipper's Agreement. For

all releases, Replacement Shipper(s) will gain rights to

nominate firm capacity for injection and withdrawal quantities

consistent with quantities, and for the term as specified in

the release notice, and subject to all other terms of the

underlying Agreement. The Releasing Shipper(s) will lose its

firm entitlement rights to Nominate consistent with the same

terms.

 

(b) Where capacity has been released for the entire remaining term

of the Releasing Shipper's Storage Service Agreement, at rates

equal to or greater than the rates in the Releasing Shipper's

Storage Service Agreement, the Releasing Shipper's Storage

Service Agreement shall be terminated.

 

9.15 Notice of Completed Transactions. Within two Business Days after

capacity has been released pursuant to Section 9.12, Transporter

shall post a Notice of Completed Transaction on its electronic

bulletin board for a minimum period of five Days. The notice shall

include the following information regarding each transaction:

 

(a) the name(s) of Releasing Shipper and Replacement Shipper (or

prearranged Shipper);

(b) term of release;

(c) Reservation Rate as bid;

(d) capacity (MDWQ, MDIQ, and MAC) in Dth, as appropriate;

(e) whether the capacity is recallable and reputtable, and if so,

the recall and reput terms;

(f) whether or not the Replacement Shipper is an affiliate of

Releasing Shipper, or an affiliate of Transporter. Except for

prearranged release(s) as described in Section 9.6 of the

General Terms and Conditions, service may begin for the release

on the initial date of the term of the release if Nominations

are made timely to Transporter and are in accordance with this

Tariff; and

(g) whether or not the prearranged Shipper is an asset manager or a

marketer participating in a state-regulated retail access

program, as defined by FERC regulations at 18 C.F.R. 284.8.