Trunkline LNG Company, LLC
Second Revised Volume No. 1-A
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Effective Date: 08/01/2009, Docket: RP09-799-000, Status: Effective
Second Revised Sheet No. 97 Second Revised Sheet No. 97
Superseding: First Revised Sheet No. 97
GENERAL TERMS AND CONDITIONS
9. CAPACITY RELEASE (Continued)
(I) TLNG will post the winning bids and Replacement
Shippers' identity on the Messenger® system for at
least five (5) Business Days.
9.5 Rights and Obligations of Releasing Shipper
(A) Regardless of the amount of capacity Releasing
Shipper releases under this Section 9, Releasing
Shipper shall remain liable for the Reservation and
Usage Charges attributable to the released capacity
unless otherwise agreed to in writing and in advance
by TLNG. In the event of a permanent release, TLNG
may, and will not unreasonably refuse to, waive
liability of Releasing Shipper for the Reservation
and Usage Charges.
(B) When capacity is awarded to Replacement Shipper,
Releasing Shipper must adjust or reconfirm its
nominations to reflect the capacity released. TLNG
will automatically change Releasing Shipper's
nominations to zero for the Service Agreement under
which capacity was released unless such nominations
are adjusted or reconfirmed by the Releasing Shipper.
(C) When Releasing Shipper partially releases its
capacity under a Service Agreement by releasing only
a portion of its MCSC or MDQ, as applicable,
Releasing Shipper's Service Agreement shall be deemed
to be modified in accordance with the release and
Releasing Shipper may not utilize the capacity
released during the term of the release.
(D) By the day the capacity is released, Releasing
Shipper shall reduce its Stored Volumes to the
remaining MCSC if any. Releasing Shipper may satisfy
its obligation to reduce its Stored Volume by causing
LNG to be withdrawn or Regasified LNG to be delivered
or by transferring Stored Volumes to another Shipper
pursuant to Section 4.4(B).
(E) Releasing Shipper shall retain all Rights of First
Refusal with respect to the released capacity, unless
such release is a permanent release.