Florida Gas Transmission Company

Third Revised Volume No. 1

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Effective Date: 04/01/1997, Docket: RP97- 21-002, Status: Effective

Third Revised Sheet No. 165 Third Revised Sheet No. 165 : Superseded

Superseding: Substitute Second Revised Sheet No. 165

GENERAL TERMS AND CONDITIONS

(continued)

 

2. Temporary Relinquishment:

 

This Section sets forth the terms and conditions applicable to

temporary relinquishments of eligible capacity either pursuant to a

transaction prearranged by Relinquishing Shipper or pursuant to the

bidding procedures in Section 18.F. In addition to complying with

these provisions, Relinquishing Shipper and Acquiring Shipper must

comply with all other applicable provisions of this Section 18.

 

Rollover Limitations: Prearranged relinquishments for 31 days or less

at less than the maximum rate under this provision may not be

permitted to rollover, or otherwise be extended beyond the initial

term of the relinquishment. The Acquiring Shipper, its designee or

affiliate may not acquire capacity at less than the maximum rate

under this provision from the Relinquishing Shipper for twenty-eight

(28) days following the expiration of the relinquishment under this

provision.

 

In the event the temporary relinquishment is not at the maximum rate

for the rate schedule under which the capacity is relinquished and

not subject to the 31 days or less provision, then the subject

eligible capacity shall be subject to an open season bidding and the

right to match pursuant to Section 18.F.