Florida Gas Transmission Company

Third Revised Volume No. 1

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Effective Date: 09/01/1994, Docket: RP94-327-001, Status: Effective

Substitute First Revised Sheet No. 177A Substitute First Revised Sheet No. 177A : Superseded

Superseding: Original Sheet No. 177A

GENERAL TERMS AND CONDITIONS

(continued)

 

(a) the bid rate;

 

(b) the extent to which awarding one bid will

operationally preclude Transporter from awarding

another bid(s); consideration of this factor shall

include consideration of the impact of awarding such

bid on conditions on mainlines and supply and Market

Area laterals; and

 

(c) the extent to which Transporter can award a specific

bid and provide service to the bidder on a firm basis;

consideration of this factor shall include first

determining which bids cannot be awarded and served on

a firm basis if unrelinquished firm capacity is fully

utilized.

 

G. Consummation and Effect of Relinquishment:

 

1. Assignment of Capacity. Transporter and each Acquiring Shipper

who receives relinquished capacity pursuant to Sections 18D, E,

and F shall execute a firm service agreement pursuant to the

applicable rate schedule, which executed service agreement shall

be effective as of the date the relinquishment commences. With

respect to Permanent Relinquishments only, upon execution by

Transporter and Acquiring Shipper of the new service agreement,

and effective as of the effective date of said new service

agreement, the Relinquishing Shipper shall, except as otherwise

agreed to by Transporter and Relinquishing Shipper, be relieved of

liability under its existing service agreement, but only to the

extent of the quantity of the executed new service agreement;

provided, however, that in the event the Acquiring Shipper at the

time of the relinquishment does not (i) satisfy the criteria set

forth in Section 16(a) and (b) of these General Terms and

Conditions; (ii) furnish and maintain for the term of the Service

Agreement a written guarantee in a form satisfactory to

Transporter from a third party which is creditworthy as determined

in Section 16(a) and (b); or (iii) furnish other security

reasonably acceptable to Transporter and its lenders, then the

Relinquishing Shipper shall remain responsible for all Reservation

Charges (including all applicable demand or reservation type

surcharges) under the existing contract, subject to the billing

adjustment and revenue sharing and crediting mechanism set forth

below. With respect to all other relinquishments, Relinquishing

Shipper shall remain responsible for all Reservation Charges and

TCR Reservation and 636 Reservation Charge under the existing

contract, subject to the billing adjustment and revenue sharing

and crediting mechanisms set forth below.