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.
(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)