W T G Hugoton, LP
Original Volume No. 1
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Effective Date: 08/01/2007, Docket: CP06- 90-002, Status: Effective
Original Sheet No. 266 Original Sheet No. 266 : Effective
GENERAL TERMS AND CONDITIONS
(b) The above capacity release timelines, as set forth in this Section
40, are applicable to all parties; however, it is only applicable if (1) all
information provided by the parties to the transaction is valid and the
acquiring shipper has been determined to be creditworthy before the capacity
release bid is tendered, (2) there are no special terms or conditions of the
release, and (3) one of the above listed best bid evaluation methodologies is
selected. In the event the above conditions are not met, the transaction will
be processed within three (3) business days or as soon as reasonably
practicable, whichever is sooner.
40.7 Posting of Completed Release Transactions
Releases will remain posted for seven (7) days for informational
purposes only, as follows:
(a) All releases at maximum rate(s), Level I permanent releases and
Level II and III prearranged releases: the name of the Releasing Shipper, name
of the Acquiring Shipper, price, quantity and term.
(b) All other releases: the name of the Releasing Shipper, name of the
Acquiring Shipper, the term, price, quantity, primary receipt and delivery
point(s), whether subject to recall, whether the Acquiring Shipper is an
affiliate of WTG Hugoton or the Releasing Shipper, if known, and Releasing
Shipper's best offer standard, if any.
40.8 Re-release. Re-releases will be allowed on the same terms and basis as
the primary release (except as prohibited by the regulations).
40.9 Liability of Releasing Shipper on a Temporary Release. For all
temporary capacity releases, the Releasing Shipper will remain liable for the
demand- related terms and conditions of the contract. Any other outstanding
payments, imbalances or other liabilities accrued by the Acquiring Shipper
will be the responsibility of the Acquiring shipper.
(a) Usage Charge. Offers for released capacity must contain the
maximum firm usage charge, regardless of whether primary or alternate firm
receipt and delivery points are utilized, unless WTG Hugoton and the Acquiring
Shipper agree to a discount.