Panther Interstate Pipeline Energy, L.L.C.
Original Volume No. 1
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Effective Date: 02/21/2009, Docket: RP09-241-000, Status: Effective
First Revised Sheet No. 44 First Revised Sheet No. 44
Superseding: Original Sheet No. 44
11.5 Further Conditions on Release of Transportation:
(a) Persons participating in this capacity release program agree
to be bound by and shall comply with the terms and
conditions of this Tariff, and all applicable Commission
rules, orders and regulations.
(b) All terms and conditions in all release requests must be
objectively stated, applicable to all Bidders and
(c) The minimum term for release shall be one day and the
maximum term shall be the remaining term of the Releasing
Shipper's transportation service agreement.
(d) The maximum rate for any capacity release for a term of more
than one year shall be the applicable maximum demand charge
and commodity charges, as well as all other applicable
rates, charges, and surcharges set forth in this Tariff,
notwithstanding any discount with respect to such rates,
charges or surcharges then in effect for the Releasing
Shipper. Alternatively, releases may be on the basis of a
volumetric charge, up to the 100% load factor directive of
the maximum demand and commodity charges. No other rate
form will be permitted for a release. Except for volumetric
rates, no release may be on a Negotiated Rate basis, even if
the Releasing Shipper is paying a Negotiated Rate. No
maximum rate limitation applies to the release of capacity
for a period of one year or less if the release is to take
effect on or before one year from the date on which
Transporter is notified of the release.
Converting a daily rate to a monthly rate is accomplished by
multiplying the daily rate times 365; dividing the result by
12; and taking the remainder out to 5 decimal places.
Converting a monthly rate to a daily rate is accomplished by
multiplying the monthly rate times 12; dividing the result
by 365; and taking the remainder out to 5 decimal places and
rounding up or down.
(e) (i) All terms and conditions of all releases must be
consistent with the terms and conditions of the
Releasing Shipper's FT Agreement and with this Tariff,
including the provisions on nominations and scheduling
of transportation and curtailment of service.
(ii) Bids are binding until written or electronic notice of
withdrawal is received by Transporter. Bids cannot be
withdrawn after the bid period ends.