Caprock Pipeline Company

First Revised Volume No. 1

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Effective Date: 09/01/1999, Docket: RP99-452-000, Status: Effective

First Revised Sheet No. 24C First Revised Sheet No. 24C : Effective

Superseding: Original Sheet No. 24C

 

 

13.9 AWARDING OF RELEASED CAPACITY; EFFECTIVE DATE; GAS NOMINATIONS

 

(a) For a Prearranged Release for which no open season

is required under Section 13.6 and which is received by 9:00 a.m.

Central Clock Time on a business day, Transporter shall award the

capacity to the Prearranged Shipper by 10:00 a.m. Central Clock Time

on such business day on which Transporter received the Prearranged

Release, provided that all applicable provisions of this Section 13

have been complied with.

 

(b) As to any other Prearranged Release, in the event

there was no winning Qualified Bid(s) with a higher total Bid Value

than the Prearranged Shipper's Bid Value, Transporter shall notify

the Prearranged Shipper by 3:00 p.m. Central Clock Time following the

end of the open season. If, during an open season, the winning

Qualified Bid(s) have a higher total Bid Value than the Bid Value of

the Prearranged Release under the bid evaluation procedure selected

by the Releasing Shipper, then, by 3:00 p.m. Central Clock Time

following the conclusion of the open season, Transporter shall notify

the Prearranged Shipper of the terms and conditions of the winning

Qualified Bid(s), except for any identification of the Qualified

Bidder(s). The Prearranged Shipper may elect to match any or all of

such winning Qualified Bid(s), but may not elect to match only a

portion of a winning Qualified Bid. Such election shall consist of

the Prearranged Shipper submitting notice to Transporter of its

unconditional agreement to the terms and conditions of one or more of

such winning Qualified Bid(s) in writing or electronic means by 4:00

p.m. Central Clock Time on the business day on which Transporter gave

notice to the Prearranged Shipper of such winning Qualified Bid(s)

(or such later time as requested by the Releasing Shipper in its

Capacity Release Request). In the event of a timely match, then the

Prearranged Shipper shall be awarded the released capacity by 5:00

p.m. Central Clock Time on that business day. To the extent that the

Prearranged Shipper fails to timely match (within the above time

frame) the winning Qualified Bid(s) with a higher Bid Value, then the

Qualified Bidder(s) who made the winning Qualified Bid shall be

awarded the capacity by 5:00 p.m. Central Clock Time on the business

day of Transporter's notice to the Prearranged Shipper.

 

(c) For any other Capacity Release Request, the capacity

rights shall be automatically awarded to the winning Qualified

Bidder(s) when Transporter has identified the entity(s) to receive

the released capacity under this Section 13.