Dominion Transmission, Inc.

Third Revised Volume No. 1

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Effective Date: 01/01/2001, Docket: RP01- 74-000, Status: Effective

First Revised Sheet No. 1141 First Revised Sheet No. 1141 : Effective

Superseding: Original Sheet No. 1141

GENERAL TERMS AND CONDITIONS

Capacity Release

 

D. Eligible Bidders.

1. Any party desiring to submit a bid under this

Section must first prequalify by demonstrating

that it meets, on a continuing basis, the

creditworthiness standards of Section 7 of the

General Terms and Conditions of Pipeline's

Tariff. Pipeline has no obligation to accept

a bidder as a Replacement Customer until the

potential bidder satisfies these criteria.

 

2. An agent may be used to bid for capacity;

however, potential bidders who desire to act

as agent must disclose the identity of the

principals on whose behalf they will

participate under this Section, and provide

proof of their authority to act on behalf of

their principal(s).

 

3. Upon satisfying the conditions of Section 7,

above, potential bidders must enter into a

Service Agreement in the form of Service

Agreement applicable to capacity release as

contained in this Tariff.

 

4. Upon prequalification and execution of a

Capacity Release Agreement, the bidder will be

on Pipeline's approved bidder list, and will

be eligible to post bids on Pipeline's EBB. A

bidder will remain on Pipeline's approved

bidder list until such bidder: (1) notifies

Pipeline to the contrary, (2) in Pipeline's

sole judgment no longer meets the credit

qualifications of Section 7, above, or (3) is

suspended for failure to pay part or all of

the amount of any bill for service from

Pipeline. Bids will legally bind the bidder

to the terms of the bid if Pipeline chooses

such bid as the "best bid," as provided in

Section 23.3, below.

 

5. Pipeline's affiliates may bid for capacity on

equal terms with all other Customers.

 

E. No bidder will have any specific right to capacity

on Pipeline's system until Pipeline has executed

the Bid Agreement, as set forth in Section 23.4.,

below.