Great Lakes Gas Transmission Limited Partner

Second Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 02/16/2009, Docket: RP09-218-000, Status: Effective

Eleventh Revised Sheet No. 42 Eleventh Revised Sheet No. 42

Superseding: Tenth Revised Sheet No. 42

 

GENERAL TERMS AND CONDITIONS

----------------------------

(continued)

 

15.15 (A) (continued)

 

(13) The specific non-discriminatory, objective criteria under which contingent bids would

be accepted. Releasing Shipper must specify whether and, if so, for what time period,

the next highest bidder will be obligated to acquire the capacity should the winning

contingent bidder exercise its option not to take the capacity.

 

(14) Subject to the timeline established in Subsection 15.15(B), the date on which the open

season is to begin and end if greater than the minimums provided for in the timeline.

 

(15) A minimum volumetric commitment for capacity release transactions where the rate to be

charged is on a volumetric basis. Releasing Shipper may state the minimum volumetric

basis as either a quantity in Dth or as a percentage of the maximum total quantity

that could be transported under the terms of the capacity release transaction. If no

minimum volumetric commitment is provided, the minimum shall be deemed to be zero (0).

 

(16) An indication of whether or not the offer is stand-alone. If the offer is not stand-

alone, the Releasing Shipper must specify the applicable terms and conditions.

 

(17) Any other objectively stated, non-discriminatory criteria applicable to all bidders

related to the release such as, but not limited to: the release being part of an

integrated transportation path or the ability to withdraw an offer to release after a

valid bid has been placed and the reasons that such a withdrawal would be made.

 

(B) If all of the information provided pursuant to Subsection 15.15(A) is valid, the

Replacement Shipper has been determined to be creditworthy pursuant to Subsection 15.10,

and the bid evaluation method is consistent with Subsection 15.15 (F)(3)(a)-(c), then,

pursuant to Standards 5.3.1 and 5.3.2 of the latest version of the Standards promulgated by

the North American Energy Standards Board (NAESB), the following timeline shall apply.

 

(1) Offers to release capacity should be tendered and open seasons shall begin by 12:00

p.m. (C.C.T.):

 

(a) no later than the business day before nominations are due for the first day of a

capacity release transaction with a term of less than one (1) year, or

 

(b) at least three (3) business days before timely nominations are due for the first

day of a capacity release transaction with a term of one (1) year or more.

 

Offers that do not utilize one of the bid evaluation methods of Subsection

15.15(F)(3)(a)-(c) must be received by Transporter by 11:00 a.m. (C.C.T.) in order to

allow Transporter sufficient time to evaluate the bid evaluation method.

 

(2) Open seasons shall end at 1:00 p.m. (C.C.T.) on the business day before nominations

are due for the first day of the capacity release transaction.