Mobile Bay Pipeline Company

Second Revised Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-361-000, Status: Effective

Third Revised Sheet No. 239 Third Revised Sheet No. 239 : Effective

Superseding: Superseding Second Revised Sheet No. 239

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

Customer shall be subject to the

prepayment obligation specified in

Section (E)(3); provided, however, the

Prearranged Customer shall pay to

Transporter only the appropriate

portion of the monthly reservation

charge to be credited to the Releasing

Customer pursuant to Section (F)(2)

herein. A Releasing Customer that

releases capacity at less than the

maximum rate may not re-release

capacity to the same acquiring shipper

at less than the maximum rate until

twenty-eight (28) days after the first

release period has ended unless the

transaction is posted and subject to

the bidding requirements set forth in

paragraph (B)(1).

 

eligible capacity to a pre-arranged

Customer for any period at the maximum

rate without being subject to the

prior notice and bidding requirements

set forth in paragraph (b)(1).

However, the terms and conditions of

such releases shall be posted on the

Customer Electronic System by 9:00

a.m. Central Clock Time on the day

nominations are due.

 

 

all parties in the capacity release process

provided that 1) all information is provided by

the parties to the transaction is valid and the

replacement customer creditworthy before the

capacity release bid is tendered and 2) there

are not special terms or conditions of the

release.

 

method of determining economic value, then the

"best bid" shall be determined by Transporter in

accordance with paragraph (D) hereof from among

the bids received. The procedures set forth in

this section shall not apply to a prearranged

Customer that agrees to pay the maximum rate for

released capacity and agrees to all other terms

and conditions of the release.