Caprock Pipeline Company
First Revised Volume No. 1
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Effective Date: 09/01/1999, Docket: RP99-452-000, Status: Effective
Second Revised Sheet No. 23 Second Revised Sheet No. 23 : Effective
Superseding: First Revised Sheet No. 23
(c) If any Shipper wishes voluntarily to
relinquish any rights to capacity to which such Shipper would
be entitled under the curtailment program, such Shipper shall
notify Caprock sufficiently in advance of the quantities
which are to be relinquished, and Caprock shall take such
relinquished quantities into account in determining the total
amount to be curtailed.
ARTICLE XIII
13. CAPACITY RELEASE BY FIRM SHIPPERS
13.1 GENERAL
(a) Subject to the terms, conditions and limitations set
forth in this Section 13, a Shipper holding capacity rights under an
Eligible Firm Transportation Agreement shall have the right to
release all or a portion of such capacity rights and, if a capacity
release is effectuated under this Section 13, to receive a credit for
reservation charge revenues received by Transporter from that other
Shipper for such released capacity.
(b) The deadlines set forth in this Section 13 are
applicable to all parties involved in the capacity release process;
however, they are only applicable if all information provided by the
parties to the transaction is valid and the Replacement Shipper (or
Subreplacement Shipper, if applicable) has been determined to be
creditworthy before the Qualified Bid is tendered, and there are no
special terms or conditions of the release.
(c) Following is a summary of the capacity release
process and deadlines set forth in greater detail in the remainder of
this Section 13:
(1) For short-term releases (less than five months):
(i) The Capacity Release Request should be tendered
by no later than 1:00 p.m. Central Clock Time on the day before
nominations are to be submitted under the resulting release;
(ii) The open season ends no later than
2:00 p.m. Central Clock Time on the day before nominations are due
(evaluation period begins at 2:00 p.m. Central Clock Time during
which contingency is eliminated, determination of winning Qualified
Bid(s) is made, and ties are broken);