Keyspan LNG, LP (Alng)

Third Revised Volume No. 1

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Effective Date: 01/27/2003, Docket: RP03-241-000, Status: Effective

Original Sheet No. 58 Original Sheet No. 58 : Effective

 

 

 

GENERAL TERMS AND CONDITIONS

(continued)

 

14. CAPACITY RELEASE (continued)

 

Releasing Customer's Notice may include reasonable terms and

conditions that are objectively stated, applicable to all

potential bidders, and non-discriminatory, and shall include the

following:

 

(1) service agreement number and rate schedule;

(2) whether the release is firm or recallable, and if

recallable, whether the rights are on a full day or a

partial day basis, the specifics of any recall right, and

any reput methods and rights associated with returning the

previously recalled capacity to the Replacement Customer;

(3) the amount of storage capacity to be released;

(4) the period of the release;

(5) any other conditions of the release, including any agency

arrangements;

(6) identity of any Proposed Customer;

(7) any minimum reservation charge requirements or, if Releasing

Customer elects to entertain bids on a volumetric rate

basis, the minimum reservation charge stated on a volumetric

basis.

(8) whether bids should be submitted in dollars and cents or

percentages of maximum tariff rate;

(9) the bid evaluation method which shall be, at the Releasing

Customer's option, either one of the following three

standard evaluation methods: highest rate, net revenue or

present value; or alternative Releasing Customer defined bid

evaluation methods; provided, however, that KLNG shall not

be required to process the capacity release transaction

using the standard process timeline should the Releasing

Customer elect an alternate method of bid evaluation;