B-R Pipeline Company
Original Volume No. 1
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Effective Date: 05/01/2004, Docket: RP04-224-000, Status: Effective
Original Sheet No. 109 Original Sheet No. 109 : Effective
GENERAL TERMS AND CONDITIONS
20. CAPACITY RELEASE (Continued)
(iii) The exit fee described in Section 20.4 (a)(ii) above
shall be the net present value of all demand and capacity
or reservation charges payable to Transporter by Shipper
over the remaining life of the applicable Service
Agreement, reduced by the net present value of such charges
payable to Transporter by all applicable Replacement
Shippers or Prearranged Replacement Shippers.
(i) Replacement Shipper(s) or Prearranged Replacement
Shipper(s) and Transporter shall execute a new Service
Agreement(s) prior to the commencement of service which
confirms the terms of the accepted transaction for the
permanent release of capacity.
(ii) Effective with implementation of service under the
new executed Service Agreements, Releasing Shipper's
Service Agreement shall be deemed terminated and Releasing
Shipper shall have no further obligations to Transporter
with respect to the released capacity, except as to
unsatisfied obligations which arose prior to the execution
of the new Service Agreement.
21. REVENUE CREDITING FOR CAPACITY RELEASES (FIRM)
21.1 Definitions. The definitions in Section 20 of the General Terms
and Conditions apply also to this Section.
21.2 Revenue Credits for Released Capacity - Eligibility. Transporter
shall provide revenue credits to any Shipper, which temporarily releases
(Releasing Shipper), under the Capacity Release Provisions of this
Tariff, all or any portion of its contract demand under a Service
Agreement (Released Capacity) governed by the provisions of Rate
Schedule FT-1 included in B-R's Tariff.