K N Interstate Gas Transmission Co.
Second Revised Volume No. 1-B
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Effective Date: 11/01/1994, Docket: RP94-397-000, Status: Effective
First Revised Sheet No. 42 First Revised Sheet No. 42 : Superseded
Superseding: Original Sheet No. 42
GENERAL TERMS AND CONDITIONS FOR SERVICES - continued
other similar official) of the Shipper or of any substantial part
of its property, or the ordering of the winding-up or liquidation
of its affairs, with said order or decree continuing unstayed and
in effect for a period of sixty (60) consecutive days.
22.9 INCIDENTAL PURCHASE AND SALE
From time to time, Transporter may be required to purchase or sell
gas in order to maintain the proper level of cushion gas in
storage. The volume of cushion gas may be enhanced or depleted due
to overreceipts or overdeliveries on the system, respectively.
Transporter will, through the cash out mechanism, either receive
money from Shippers for overdeliveries or pay Shippers for
overreceipts. Should physical make up of cushion gas be necessary,
Transporter will use its cash out receipts to purchase gas on the
open market for injection into storage. Should disposition of
cushion gas be necessary, Transporter will sell gas either in
storage or at the storage withdrawal point at the index price on a
first-come, first served basis. Sales or purchase of gas will be
posted on the electronic bulletin board for at least two (2)
business days prior to the actual purchase or sale.
23. VOLUNTARY REALLOCATION OF CAPACITY
(a) Any Shipper that holds firm capacity rights, including firm
transportation, storage and no-notice service, under a rate
schedule contained in Transporter's tariff, may elect to
release, subject to the firm capacity releasing program, all
or a portion of such firm capacity rights.