Tariff
TWP Pipeline LLC
FERC GAS TARIFF
SECOND REVISED VOLUME NO. 1
SECTION 7.22
CAPACITY RELEASE
VERSION 3.0.0
GENERAL TERMS AND CONDITIONS7.22.5. Rights and Obligations of Releasing and Replacement Shippers 1. Releasing Shipper shall remain liable for all its contractual obligations including the Reservation Charges, Negotiated Rates, Discounted Rates, and all other applicable charges and surcharges, attributable to the released capacity unless otherwise agreed to in writing and in advance by Transporter. In the event of a permanent release, Transporter may waive liability of Releasing Shipper for all its contractual obligations. 2. When capacity is awarded to Replacement Shipper, Releasing Shipper must adjust or reconfirm its nominations to reflect the capacity released. Transporter may automatically change Releasing Shipper's nominations to zero for the FT Agreement under which capacity was released unless such nominations are adjusted or reconfirmed by the Releasing Shipper. 3. Releasing Shipper shall retain any Rights of First Refusal with respect to the released capacity, unless such release is a permanent release. 4. Releasing Shippers may, to the extent permitted as a condition of the capacity release, recall released capacity (scheduled or unscheduled) at the Timely Nomination cycle and the Evening Nomination cycle, and recall unscheduled released capacity at the Intra-Day 1 and Intra-Day 2 Nomination cycles by providing notice to Transporter by the following times for each cycle: 8:00 a.m. Central Time for the Timely Nomination cycle; 5:00 p.m. Central Time for the Evening Nomination cycle; 8:00 a.m. Central Time for the Intra-Day 1 Nomination cycle, and 3:00 p.m. for the Intra-Day 2 Nomination cycle. Notification to Replacement Shippers provided by Transporter within one (1) hour of receipt of recall notification. 5. Any bid submitted will bind Replacement Shipper or PRS to the terms of the bid if Transporter selects such bid as the best bid. If all the information provided by the Releasing Shipper, the bidder/PRS is valid, the Replacement Shipper is creditworthy, and there are no special terms and conditions, Transporter will issue and execute the Addendum to the Capacity Release Transportation Agreement within one (1) hour of awarding the winning bid. 6. The capacity release addendum number will be issued within one (1) hour of the award posting. Nomination is possible beginning at the next available nomination cycle for the effective date of the capacity release addendum; however, in no event will Gas flow on Replacement Shipper's agreement prior to the effective date of the release as posted in the Shipper Notice.