Capacity Release. If Shipper is a temporary capacity release Replacement Shipper, any capacity release conditions, including recall rights, are set forth on Exhibit A.
Capacity Release. Shipper may release its capacity under this Firm Transportation Service Agreement, up to Shipper's Maximum Daily Transportation Quantity or Maximum Contract Quantity, in accordance with the General Terms and Conditions of Transporter's FERC Gas Tariff.
Capacity Release. Xxxxx agrees to enter into a prearranged capacity release transaction (with right to match) with ENA to permanently release from ENA to Xxxxx a total of 30,000 MMBtu per day of capacity currently held by ENA under the El Paso FT Agreement (the total 30,000 MMBtu per day of El Paso capacity referred to as the “Permanently Released Capacity”). The capacity release from ENA to Xxxxx described in the preceding sentence shall hereinafter be referred to as the “Original El Paso Release”. Xxxxx agrees to satisfy any requirements of El Paso and execute any and all documents as may be reasonably necessary to effectuate the permanent release of the Permanently Released Capacity such that El Paso (i) agrees to look solely to Xxxxx for all obligations with respect to the Permanently Released Capacity and (ii) releases ENA from all obligations for demand/reservation charges, and all other charges related to the Permanently Released Capacity.
Capacity Release. Counterparty shall release to Manager the portion of Counterparty’s right, title and interest in and to those contracts and agreements for Firm transportation and storage transportation capacity listed in Exhibit A, and any and all amendments or modifications thereto. Counterparty’s LNG facility at Daleville, VA shall be used solely by Counterparty and is not included in the Asset Portfolio under this Agreement to be managed by Manager. The releases are on more than one pipeline and are intended to represent, in so far as operationally feasible, all of Counterparty’s transportation and storage transportation assets. Counterparty shall not terminate or materially modify or amend any contract or agreement without prior consultation with Manager. The Parties shall negotiate appropriate and comparable adjustments if the Manager’s ability to render service is reduced and, if unable to reach agreement, the appropriate adjustments shall be submitted to arbitration pursuant to Article XVI.
Capacity Release. Negotiated Rates do not apply as the price cap for capacity release transactions. Further, except as expressly provided for in Section 25 of the General Terms and Conditions of this Tariff, capacity release bids must conform to Transporter's applicable tariff rates, as further described in these General Terms and Conditions.
Capacity Release. The following procedures apply to all capacity release transactions including releases of capacity, acquisitions of released capacity and related contracting arrangements, as follows: • Prior to posting a capacity release deal, bidding on posted capacity release or creating a new contract request, amending an existing contract or executing a new contract on a Pipeline EBB, all with respect to capacity release, the following approvals must be obtained, as appropriate: • A signed Deal Approval Sheet from the appropriate Trader must be obtained in all circumstances; • Based on the total dollar commitment and term of the deal, additional approvals may be required as specified on the Deal Approval Sheet; and • Prior to any posting, (A) with respect to NJNG, Manager T&E NJNG or VP NJNG, and (B) with respect to NJRES, Director Energy Trading, Director of Marketing must review the posting (i) for Counterparty company affiliates, and (ii) to ensure the posting satisfies -30- New Jersey Natural Gas Company Risk Management Committee Guidelines and Procedures FERC’s rules with respect to what is non-biddable, as applicable; provided, however, Senior Counsel must be consulted in the event of any uncertainty with respect to compliance with FERC posting rules. • Only the Scheduling Manager, VP NJNG, Grade 8 schedulers or Grade 7 schedulers, with at least 1 year of experience, who have received appropriate training regarding rules and regulations of capacity release and who have been granted access by their supervisor, may post capacity releases, bid on capacity releases, request new contracts or amendments. If a Trader asks you to do something, but you are not sure you have authority, ASK YOUR SUPERVISOR OR VP ENERGY SERVICES FIRST. • Verify that the Trader has listed all pertinent data on the deal sheet (pipeline, path and/or contract, if recallable or not, rereleasable, biddable, rate, term, volume, and other relevant details). There must be a reason discussed in the box. Ask the Trader about any information that is missing before proceeding. If there are errors or changes necessary, the Trader must complete a new Deal Approval Form. • For capacity release, verify if the release has to be posted for bid. Releases are biddable in most circumstances; however, the following releases are not biddable: ◦ A pre-arranged release to an asset manager where the release contains a condition that the releasing shipper may call upon the replacement shipper to deliver to, or purchas...
Capacity Release. Counterparty shall release to Manager the portion of Counterparty's right, title and interest in and to those contracts and agreements for Fin-n transportation and storage capacity listed in Exhibit A, and any and all amendments or modifications thereto. The releases are on more than one pipeline and in more than one storage facility, and are intended to represent, in so far as operationally feasible, all of Counterparty's transportation and storage assets. Counterparty shall not terminate or materially modify or amend any contract or agreement without prior consultation with Manager. The Parties shall negotiate appropriate and comparable adjustments if the Manager's ability to render service is reduced and, if unable to reach agreement, the appropriate adjustments shall be submitted to arbitration pursuant to Article XVII.
Capacity Release. In accordance with Section 47 of the GTC of Columbia’s Tariff, Columbia requested and received Commission authorization to acquire 205,000 Dth per day of capacity from DTI (the “DTI Capacity”).10 The DTI Capacity is an integral part of an expansion project, enabling the transportation of Eclipse’s gas from DTI’s existing Xxxxx Xxxx receipt point to points on Columbia’s system. Columbia’s obligation to release the DTI Capacity to Eclipse is memorialized in Section 7 (Capacity Release) of the Eclipse Agreement. The inclusion of this provision highlights that the DTI Capacity is a necessary component of Columbia’s commitment to provide service on the expansion facilities. The provision does not pose a substantial risk of discrimination because Section 47 of the GTC of Columbia’s Tariff is generally applicable and permits Columbia to release capacity it holds on off-system pipelines. The language contained within Section 7 is consistent with Columbia’s tariff and Commission policy related to the mechanics of pipelines releasing their off-system capacity.11 The ability to release off-system capacity is already contained within Columbia’s tariff, and the capacity will be released pursuant to the Commission’s § 284.8 capacity release regulations (as well as DTI’s tariff). The Commission should view Section 7 of the Eclipse agreement as a permissible deviation from the pro forma service agreement. 6 97 FERC ¶ 61,221, at 62,002 (2001). 7 Id. at 62,003. 8 Columbia Tariff GTC at 4.1(b)(2). 9 Columbia Gas Transmission, LLC, Docket No. RP16-1000-000, Letter Order (June 24, 2016); Columbia Gas Transmission, LLC, Docket No. RP10-828-000, Letter Order (July 6, 2010). 10 As noted in Columbia’s Utica Access certificate application and order, Columbia will not seek recovery of the cost of transporting gas on DTI’s system from its transmission customers. Dominion Transmission, Inc.; Columbia Gas Transmission, LLC, 153 FERC ¶ 61,382 at P 45 (2015). 11 See Columbia Gas Transmission, LLC, 131 FERC ¶ 61,093 at P 34 (2010) (discussing that “it is consistent with Commission policy to permit pipelines acquiring off-system capacity to release that capacity pursuant to the Commission’s § 284.8 capacity release regulations and the provisions of the off-system pipeline’s tariff in the same manner as any other holder of capacity on the off-system pipeline.”)
Capacity Release. During the Term of this capacity release, Releasing Shipper shall temporarily release to Asset Manager a maximum daily quantity of firm interstate pipeline transportation capacity on FGT equal to the MDQ (the “Released Capacity”) upon the following terms and conditions: Start Date: [ ] Pipeline: Florida Gas Transmission Company, LLC (“FGT”) Rate Schedule: [FTS-3] [NOTE: Tallahassee to confirm.] Gas Transportation Agreement(s): Gas Transportation Agreement(s) between FGT and Releasing Shipper, FGT’s contract number(s) set forth on Exhibit A (the “Releasing Shipper Transportation Agreement(s)”). Quantity (or MDQ): The daily quantity of firm interstate pipeline transportation capacity released by Releasing Shipper to the Asset Manager during the Term is [6,000 MMBtu]/Day (“MDQ”). Primary Receipt Point(s): The Primary Receipt Point(s) will be as set forth in Exhibit A, with the transportation quantity for each point being limited to the MDQ for that point as specified on Exhibit A. Asset Manager shall not change the Primary Receipt Point(s) or Primary Delivery Point(s) without the prior written consent of Releasing Shipper. In addition, Asset Manager shall not re-release the Released Capacity without the prior written consent of Releasing Shipper.
Capacity Release. Xxxxx agrees to enter into a prearranged capacity release transaction (with right to match) with ENA to permanently release from ENA to Xxxxx a total of 30,000 MMBtu per day of capacity currently held by ENA under the El Paso FT Agreement (the total 30,000 MMBtu per day of El Paso capacity referred to as the “Permanently Released Capacity”). Xxxxx agrees to satisfy any requirements of El Paso and execute any and all documents as may be reasonably necessary to effectuate the permanent release of the Permanently Released Capacity such that El Paso (i) agrees to look solely to Xxxxx for all obligations with respect to the Permanently Released Capacity and (ii) releases ENA from all obligations for demand/reservation charges, and all other charges related to the Permanently Released Capacity.
