Florida Gas Transmission Company
Third Revised Volume No. 1
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Effective Date: 03/27/2000, Docket: RP00-262-000, Status: Effective
Fourth Revised Sheet No. 164 Fourth Revised Sheet No. 164 : Superseded
Superseding: Third Revised Sheet No. 164
GENERAL TERMS AND CONDITIONS
18. CAPACITY RELINQUISHMENT
This Section sets forth the sole means by which a firm Shipper ("Relinquishing
Shipper") may, pursuant to Section 284.243 of the Commission's Regulations,
relinquish its firm capacity rights under a service agreement with Transporter to a
third party ("Acquiring Shipper").
B. Capacity Eligible For Release
A Shipper with a service agreement under Rate Schedule FTS-1, FTS-WD or FTS-2 may
relinquish all or a portion of its firm capacity ("eligible capacity") from an
individual Service Agreement pursuant to this Section 18. A Shipper may also
relinquish all or a portion of its NNQ under Rate Schedule NNTS; provided however,
Shipper may only relinquish its Rate Schedule NNTS capacity at the Shipper's
primary delivery points. Capacity held by a Shipper under any rate schedule other
than as set forth above shall not be eligible for capacity relinquishment. Except
for relinquishments for a period of less than one year, relinquishments under this
section may not exceed the maximum rate applicable to the relinquished capacity.
Re-release of capacity: Acquiring Shipper may re-release acquired capacity subject
to the terms attached to the acquired capacity in all previous releases.
C. Relinquishment Types:
1. Permanent Relinquishment
This Section sets forth the terms and conditions applicable to the permanent
relinquishment of eligible capacity ("Permanent Relinquishment"). Eligible
capacity can be permanently relinquished solely on a reservation basis
either pursuant to a transaction prearranged by Relinquishing Shipper or
pursuant to the bidding procedures in Section 18.F. An Acquiring Shipper who
obtains capacity relinquished hereunder shall be required to execute a
separate firm service agreement with Transporter for the relinquished
capacity for the primary and secondary terms set forth in the Relinquishing
Shipper's service agreement.
In the event a prearranged Permanent Relinquishment is at less than the
maximum rate for the rate schedule under which the capacity is
relinquished, then the subject eligible capacity shall be subject to an
open season bidding and the right to match pursuant to section 18F.