Florida Gas Transmission Company

Third Revised Volume No. 1

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Effective Date: 03/27/2000, Docket: RP00-262-000, Status: Effective

Fourth Revised Sheet No. 164 Fourth Revised Sheet No. 164 : Superseded

Superseding: Third Revised Sheet No. 164

GENERAL TERMS AND CONDITIONS

(continued)

 

18. CAPACITY RELINQUISHMENT

 

A. General

 

This Section sets forth the sole means by which a firm Shipper ("Relinquishing

Shipper") may, pursuant to Section 284.243 of the Commission's Regulations,

relinquish its firm capacity rights under a service agreement with Transporter to a

third party ("Acquiring Shipper").

 

B. Capacity Eligible For Release

 

A Shipper with a service agreement under Rate Schedule FTS-1, FTS-WD or FTS-2 may

relinquish all or a portion of its firm capacity ("eligible capacity") from an

individual Service Agreement pursuant to this Section 18. A Shipper may also

relinquish all or a portion of its NNQ under Rate Schedule NNTS; provided however,

Shipper may only relinquish its Rate Schedule NNTS capacity at the Shipper's

primary delivery points. Capacity held by a Shipper under any rate schedule other

than as set forth above shall not be eligible for capacity relinquishment. Except

for relinquishments for a period of less than one year, relinquishments under this

section may not exceed the maximum rate applicable to the relinquished capacity.

 

Re-release of capacity: Acquiring Shipper may re-release acquired capacity subject

to the terms attached to the acquired capacity in all previous releases.

 

C. Relinquishment Types:

 

1. Permanent Relinquishment

 

This Section sets forth the terms and conditions applicable to the permanent

relinquishment of eligible capacity ("Permanent Relinquishment"). Eligible

capacity can be permanently relinquished solely on a reservation basis

either pursuant to a transaction prearranged by Relinquishing Shipper or

pursuant to the bidding procedures in Section 18.F. An Acquiring Shipper who

obtains capacity relinquished hereunder shall be required to execute a

separate firm service agreement with Transporter for the relinquished

capacity for the primary and secondary terms set forth in the Relinquishing

Shipper's service agreement.

 

In the event a prearranged Permanent Relinquishment is at less than the

maximum rate for the rate schedule under which the capacity is

relinquished, then the subject eligible capacity shall be subject to an

open season bidding and the right to match pursuant to section 18F.