Equitrans, L. P.

Original Volume No. 1

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Effective Date: 05/16/2010, Docket: RP10-616-000, Status: Effective

Fifth Revised Sheet No. 276 Fifth Revised Sheet No. 276

Superseding: Fourth Revised Sheet No. 276

 

GENERAL TERMS AND CONDITIONS (Continued)

 

(i) Short Term Release -- competitive bidding is not

required if the term of the proposed prearranged

release is thirty-one (31) days or less, provided,

however, that if such Releasing Customer has

previously released capacity to the Replacement

Customer under a prearranged deal within twenty-eight

(28) days prior to the commencement date of the

proposed prearranged release, then the proposed

prearranged release will be subject to the

competitive bidding requirements of this Section.

 

(ii) Maximum Rate Release -- competitive bidding is not

required for a prearranged release if the capacity

release is for more than one year and the Replacement

Customer agrees to pay Equitrans' maximum tariff rate

applicable to the service type being released.

 

(iii) Release to an Asset Manager -- Competitive bidding is

not required for a prearranged release to an Asset

Manager, as defined by FERC Regulations at 18 C.F.R.

§ 284.8(h)(3).

 

(iv) Release to Certain Marketers - - Competitive bidding

is not required for a prearranged release to a

marketer participating in a state-regulated retail

access program as defined by FERC Regulations at 18

C.F.R. § 284.8(h)(4).

 

All prearranged deals for Capacity Release at less than

maximum rate that do not qualify for the exemptions from

competitive bidding specified in Section 22.7(b)(i),(ii),(iii)

and(iv)are subject to the bidding procedures of Section 22.8

and the right of first refusal set forth in Section 22.10.

 

c. Capacity Release Timelines.

 

The deadlines shown below are applicable to all parties

involved in a capacity release process; however, they are

only applicable if (1) all information provided by the

parties to the transaction is valid and the Replacement

Customer has been determined to be credit worthy before the

capacity release bid is tendered and (2) there are no special

terms or conditions of the release.

 

(1) For non-biddable releases.

 

(A) Timely Cycle.

 

(i) Posting of prearranged deals, not subject

to bid, are due by 10:30 a.m.

 

(ii) Contract shall be issued within one (1)

hour of award posting (with a new contract

number, when applicable). Nominations shall

be possible beginning at the next available

nomination cycle for the effective date of

the contract. (CCT)