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.