RATE SCHEDULE FS

FIRM STORAGE

(Continued)


 

(f) PRE-ARRANGED RELEASE


 

(i) Releasing Customer shall have the right to release capacity to a Pre-

arranged Replacement Customer without posting an offer on the Internet

Site if:


 

(1) the Replacement Customer confirms via the Internet Site the terms

and conditions of the Pre-arranged Release.

(2) the release is either at Maximum Rates, for releases longer than one

(1) year and meets all other terms and conditions of the release, or

(3) the release is less than 31 Days, or

(4) the release is to an asset manager that contains a condition that the

Releasing Customer may call upon the Replacement Customer to deliver

to, or purchase from, the Releasing Customer a volume of gas up to 100

percent of the daily contract demand of the released storage capacity,

provided that, the asset manager's delivery or purchase obligation

need only be up to 100 percent of the daily contract demand under the

release for storage withdrawals or injections, or

(5) the release is to a marketer participating in a state-regulated

retail access program that will be utilized by the Replacement

Customer to provide the gas supply requirement of retail consumers

pursuant to a retail access program approved by the state agency with

jurisdiction over the local distribution company that provides

delivery service to such retail consumers.


 

If Releasing Customer exercises such right, it must notify Seller prior

to the nomination of the released entitlements, and the Replacement

Customer shall adhere to the contracting requirements. Seller will post

the information on the Internet Site pursuant to the timeline set forth

in Section 7.1(d)(iii), above. The Replacement Customer shall meet any

eligibility requirements under this Section 7. Pre-arranged Replacement

Customer nominations possible at the earliest nomination opportunity at

the time Seller receives notification of release. Seller shall issue

contract within one hour of the notification of the release.