Dominion South Pipeline Co., LP

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-292-000, Status: Effective

First Revised Sheet No. 1044 First Revised Sheet No. 1044

Superseding: Original Sheet No. 1044

 

GENERAL TERMS AND CONDITIONS

CAPACITY RELEASE

 

15.2 Bidding Procedure (Cont.)

 

D. Withdrawal of Offers or Bids. Releasing Customer may withdraw its offer during the

bid period, where unanticipated circumstances justify and no minimum bid has been

made. Offers are binding until written or electronic notice of withdrawal is received

by Pipeline. After such a withdrawal, the bidder may not subsequently submit a lower

bid for the same posted offer of released capacity. Bids are binding until written or

electronic notice of withdrawal is received by Pipeline; provided, however, that bids

cannot be withdrawn after the bid period ends.

 

E. Exemptions from Bidding Procedure.

 

1. Prearranged Deals. If a potential Replacement Customer, identified by Releasing

Customer prior to posting under this Section 15.2 ("Designated Replacement

Customer"), agrees to pay the maximum tariff rate for a term greater than one year

and agrees to meet all other terms and conditions proposed by the Releasing

Customer, the release is not subject to bidding, but will be posted in accordance

with GT&C Section 15.3.E and as required in Section 15.2.B.4.

 

2. Releases For 31 Days or Less. Releases of 31 days or less are not required to be

posted for bidding. The Releasing Customer may not re-release all or part of the

subject capacity to the same Replacement Customer until 28 days after the first

release has ended, unless (a) the Releasing Customer posts the re-release for

bidding or (b) the re-release is otherwise exempt pursuant to GT&C Section 15.2.E.

 

3. Asset Management Agreements. Releases to an asset manager as defined in the

Commission's Regulations, 18 C.F.R. Section 284.8(h)(3) (2008) are not subject to

bidding, but will be posted in accordance with GT&C Section 15.3.E and as required

in Section 15.2.F.14, below.

 

4. State Mandated Retail Unbundling Programs. Releases to marketers participating in

state-regulated retail access programs as defined in the Commission's Regulations,

18 C.F.R. Section 284.8(h)(4) (2008) are not subject to bidding, but will be

posted in accordance with GT&C Section 15.3.E and as required in Section

15.2.F.15, below.

 

F. The Releasing Customer's posted notice of release shall include:

 

1. Identification of Releasing Customer, including a contact person for

communications regarding the posted notice.

 

2. Identification of Releasing Customer's Service Agreement with Pipeline (Pipeline's

Service Agreement number).

 

3. The date and time of posting, and the date and time by which all bidders must have

submitted their bids to the Website. A Releasing Customer may not specify an

extension of the original bid period or the pre-arranged deal match period,

without posting a new release.

 

4. The quantity to be released expressed as a numeric quantity, including any minimum

or maximum acceptable packages, or whether bids for less than the full quantity

released are acceptable.

 

5. The daily and hourly contract entitlement for partial-day releases shall be

allocated to the Releasing Customer and Replacement Customer pro rata, based on

the effective time of the capacity release. This allocated daily and hourly

contract entitlement shall be used for purposes of nominations, billing and, if

applicable, for overrun calculations.