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. 71 Original Sheet No. 71 : Effective

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

14. CAPACITY RELEASE (continued)

 

14.10 Exception to Bidding Requirement.

 

(a) A proposed capacity release shall not be subject to the

competitive bidding requirements of this Section 14, but shall

be subject to all other provisions of this Section 14, if the

release term is thirty-one days or less, unless the Releasing

Customer chooses to submit such release to competitive

bidding. A release under this Section 14.10(a) may be

effected by the Releasing Customer's satisfying the notice

requirements of Section 14.4 and the selected Approved

Bidder's submitting a bid satisfying the requirements of

Section 14.4. Such release shall become effective immediately

upon KLNG's receipt of both such notice and such bid, but no

sooner than the date specified in Releasing Customer's Notice,

subject to compliance with the other provisions of this

tariff. Prearranged deals not subject to bid should be posted

by 9:00 a.m. CT on the day prior to gas day. The contract,

with a contract number, will be tendered and executed by 10:00

a.m. CT on the same day. When a release of capacity under

this Section 14.10(a) is at less than the maximum tariff rate,

a Releasing Customer may not rollover, extend, or in any way

continue the capacity release at less than the maximum tariff

rate without complying with the competitive bidding

requirements of this Section 14, and may not re-release

capacity to the same Replacement Customer under this Section

14.10(a) at less than the maximum tariff rate until twenty-

eight days after the first release period has ended.