Southern LNG Inc.

Original Volume No. 1

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Effective Date: 08/01/2009, Docket: RP09-857-000, Status: Effective

Second Revised Sheet No. 79 Second Revised Sheet No. 79

Superseding: Original Sheet No. 79

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

Under any type of non-posted release, the Releasing Customer and Acquiring Customer

shall notify Southern LNG electronically on SoNet of the terms of the release. The

offer and bid for a prearranged release of capacity on a permanent basis shall be

entered into SoNet by 5:00 p.m. two business days prior to the nomination deadline for

the effective date of the release. The Acquiring Customer must also be prequalified

pursuant to the requirements of Section 16.6(e) below. Southern LNG shall post on

SoNet the terms of a prearranged release entered into under this Section 16.3(c) as

soon as possible, but no later than forty-eight (48) hours after the effective date of

such released transaction.

 

(d) For purposes of bidding and awarding, any maximum and/or minimum rates specified by

the Releasing Customer shall include the tariff reservation rate and all demand

charges, specified as a total number or as stated separately. For temporary releases

that become effective on or after July 30, 2008, the maximum and/or minimum rates

specified by the Releasing Customer may exceed the maximum tariff rate for the

applicable service if the term of the proposed release is one (1) year or less. For

purposes of applying any rate cap applicable to temporary capacity releases with terms

of more than one year, the maximum rate shall be the maximum rate set forth in the

applicable Rate Schedule.

 

16.4 Releasing Customer's and Acquiring Customer's Obligations:

 

(a) Acquiring Customer:

 

To bid on capacity offered under one of the types of Temporary Releases set forth in

Section 16.3(b) or (c) above, the bidder must be (i) preapproved for credit and (ii)

have executed a Temporary Capacity Release Service Agreement (sometimes referred to

herein as "Service Agreement"), as more particularly set forth in Section 16.6(e)

below.