Florida Gas Transmission Company

Third Revised Volume No. 1

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Effective Date: 11/01/1993, Docket: RS92- 16-007, Status: Effective

First Revised Sheet No. 178 First Revised Sheet No. 178 : Superseded

Superseding: Original Sheet No. 178

GENERAL TERMS AND CONDITIONS

(continued)

 

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. 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.

 

2. Status of Acquiring Shipper. An Acquiring Shipper who

executes a new service agreement pursuant to the terms and

conditions of this Section 18 shall, upon execution of such

new service agreement, be considered a firm Shipper for all

purposes under Transporter's FERC Gas Tariff, and shall be

entitled to the rights (and subject to the obligations) of

a Shipper under Rate Schedule FTS-1 including, without

limitation, the right to participate in Transporter's

capacity relinquishment program pursuant to this Section

18, and the right to use alternate receipt and delivery

points.

 

H. Pre-Qualified Bidder Requirement. All parties desiring to acquire

firm capacity posted by a Relinquishing Shipper must be determined to

be creditworthy under Transporter's tariff, Section 16, prior to

being rewarded relinquished capacity hereunder. A bidder's

creditworthiness shall be assessed on the same basis as a Shipper's

creditworthiness under the terms of Transporter's Rate Schedule FTS-

1.

 

I. Recall Rights:

 

A Relinquishing Shipper has the right to define the condition(s)

precedent that will result in a recall of capacity subject to a

Temporary Point-to-Point Relinquishment by specifying such

conditions in the Relinquishment Notice. The Relinquishing

Shipper has no right to recall the relinquished capacity, other

than any rights set forth in the Relinquishment Notice. The

terms and conditions of any recall rights