Texas Eastern Transmission, L P

Seventh Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 11/16/2009, Docket: RP10-623-000, Status: Effective

First Rev Fourth Revised Sheet No. 537A First Rev Fourth Revised Sheet No. 537A

Superseding: Sub Third Revised Sheet No. 537A

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(4) Obligations Related to Storage Releases

 

(a) The Releasing Customer's Notice to release storage capacity under Rate

Schedules SS-1 or FSS-1 must specify the MSQ, MDIQ and MDWQ offered for

release. In addition, the Releasing Customer's Notice may include

conditions concerning the sale and/or repurchase of gas in storage

inventory outside the context of an asset management arrangement as

defined in Section 284.8(h)(3) of the Commission's regulations as well as

further negotiated terms and conditions related to the commodity portion

of the transaction. The Releasing Customer shall be responsible for

ensuring that such storage capacity and the corresponding ability to

inject/withdraw Gas up to the Maximum Storage Quantity released will be

available upon the commencement of the release. In the event of a

transfer of Storage Inventory subsequent to the award of capacity to the

Replacement Customer(s), the Releasing and Replacement Customers shall

submit the required information via the LINK® System to effectuate the

transfer of the Storage Inventory quantity to the Replacement Customer(s).

Such information shall include, at a minimum, the identification of the

storage service agreements involved in the transfer, the quantity to be

transferred, and the effective date of the transfer. The proposed

transfer must be confirmed by the Customer to whom the Storage Inventory

is to be transferred. Unless other arrangements are agreed upon by

Pipeline and the Releasing Customer, any portion of the Releasing

Customer's Storage Inventory which must be withdrawn in order to

effectuate the release, not withdrawn or transferred from storage

inventory within three (3) Business Days of the effective date of the

release shall be cashed out via a payment by Pipeline to the Releasing

Customer based on the average of the lowest weekly Spot Index Prices for

the four Access Area Zones, as determined pursuant to Section 8.5(C)(3) of

these General Terms and Conditions, for the thirty (30) Day period

immediately preceding the effective date of the release.

 

(b) The Replacement Customer under Rate Schedule SS-1 or FSS-1 shall be

responsible for arranging transportation to and from Point(s) of Receipt

and Point(s) of Delivery consistent with its rights and obligations under

its service agreement and Rate Schedule SS-1 or FSS-1. The Replacement

Customer under Rate Schedule SS-1 or FSS-1 must comply with all

obligations imposed under such Rate Schedule and its rights to store,

withdraw and/or inject Gas will be subject to the provisions thereof.

 

(c) Except as otherwise specified in the Releasing Customer's Notice, the

Replacement Customer shall be required to withdraw its Storage Inventory

by the end of the term of the applicable release transaction. If the

Replacement Customer elects to transfer all or a portion of its Storage

Inventory to another storage service Customer in lieu of withdrawing such

Storage Inventory, the Replacement Customer and the Customer to whom the

Storage Inventory is to be transferred must submit the information

necessary to effectuate such transfer via the LINK® System within three

(3) Business Days after the end of the term of the applicable release

transaction. Such information shall include, at a minimum, the

identification of the storage service agreements involved in the transfer,

the quantity to be transferred, and the effective date of the transfer.

In lieu of transferring its Storage Inventory to another storage service

Customer, the Replacement Customer may transfer all or a portion of its

Storage Inventory to another of its Open-Access storage service

agreements, provided that no portion of the term of the agreements

involved in the transfer overlap, by submitting the required information

via the LINK® System within three (3) Business Days after the end of the

term of the applicable release transaction. The proposed transfer must be

confirmed by the Customer to whom the Storage Inventory is to be

transferred.