Chandeleur Pipe Line Company

Second Revised Volume No. 1

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Effective Date: 07/01/2003, Docket: RP03-347-000, Status: Effective

Fifth Revised Sheet No. 34 Fifth Revised Sheet No. 34 : Effective

Superseding: Fourth Revised Sheet No. 34

GENERAL TERMS

AND CONDITIONS

 

7.0 FIRM CAPACITY RELEASE UNDER ORDER NO. 636 (Cont'd)

 

7.1 General Requirements (cont'd)

 

(g) Releasing Shippers are allowed to propose

daily Reservation Charges as the basis of

compensation, in lieu of monthly Reservation

Charges. Releasing Shippers shall also notify

Chandeleur whether volumetric bids will be

accepted. Chandeleur will support volumetric

releases with volumetric commitments by fully

accounting for volumetric and reservation

components, consistent with the rules and

regulations enunciated by the Commission.

 

(h) The capacity release timeline is applicable

to all parties in the capacity release process

provided that 1) all information provided by

the parties to the transaction is valid and

the replacement Shipper has been determined

creditworthy before the capacity release bid

is tendered and 2) there are no special terms

or conditions to the release.

 

(i) References to maximum rates in this section,

including but not limited to, "maximum monthly

reservation charge," or "maximum daily

reservation charge," shall include negotiated

rates when capacity is being released for less

than one year.