Southeast Supply Header, LLC

Original Volume No. 1

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Effective Date: 02/26/2009, Docket: RP09-276-000, Status: Effective

First Revised Sheet No. 311 First Revised Sheet No. 311

Superseding: Original Sheet No. 311

 

GENERAL TERMS AND CONDITIONS

(CONTINUED)

 

25. CAPACITY RELEASE PROVISIONS (continued)

 

25.1 Procedure. (continued)

 

(j) Pre-Arranged Release. Releasing Shipper shall have the

right to elect not to post a release for bidding (1) if the

proposed capacity release has a duration of thirty-one (31)

days or less and Releasing Shipper has obtained a

Prearranged Shipper, (2) for proposed capacity releases with

a term of more than one (1) year for which Releasing Shipper

has obtained a Prearranged Shipper and the Prearranged

Shipper is paying the Maximum Recourse Rate and all other

terms and conditions of the release are met, (3) for any

release of capacity to an asset manager (as defined in

Section 284.8(h)(3) of the Commission's regulations), or (4)

for any release of capacity to a marketer participating in a

state-regulated retail access program as defined in Section

284.8(h)(4) of the Commission's regulations. If Releasing

Shipper exercises such right, Releasing Shipper must notify

Transporter prior to the nomination of the released

entitlements, and the Replacement Shipper shall adhere to

the requirements set forth in Section 25.2. Releasing

Shipper will post the information on the LINK® System by

9:00 a.m. the Day before the release transaction begins.

The Replacement Shipper shall confirm the prearranged

release by 9:30 a.m. and meet any eligibility requirements

under this Section 25. Transporter will support the

electronic upload of prearranged releases. For releases

that become effective on or after July 30, 2008, any

release, with the exception of releases to an asset manager

or to a marketer participating in a state-regulated retail

access program, with a term that is greater than thirty-one

(31) Days and less than or equal to one (1) year must be

posted for bidding pursuant to Section 25.1(g) above,

regardless of the proposed rate.

 

(k) Matching Rights. A Prearranged Replacement Shipper shall

have matching rights for a period of thirty (30) minutes

following the time the Prearranged Shipper has been notified

of the winning bid ("Matching Period"). In the event a

higher bid is received, Transporter shall provide the

Prearranged Shipper an opportunity during the Matching

Period to match such higher bid. No later than 2:00 p.m. CT

of the Day prior to the Day nominations are due, the

Prearranged Shipper shall be notified via the LINK® System

of the terms and conditions of the higher bid, and shall

have the Matching Period to respond via the LINK® System.

Absent a response from the Prearranged Shipper by 2:30 p.m.

CT of the Day prior to the Day nominations are due, the

capacity shall be awarded to the higher Bidding Shipper no

later than 3:00 p.m. CT of the Day prior to the Day

nominations are due.