Gulf States Transmission Corporation

Original Volume No. 1

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Effective Date: 08/01/2009, Docket: RP09-804-000, Status: Effective

Ninth Revised Sheet No. 58K Ninth Revised Sheet No. 58K

Superseding: Eighth Revised Sheet No. 58K

 

GENERAL TERMS AND CONDITIONS (continued)

23.5 Term of Released Capacity. The term of any release of firm capacity shall not exceed the term of the Service Agreement under which the release occurs, nor shall it be less than one full gas flow day.

 

23.6 Availability of Released Capacity. Released capacity shall be made available on a nondiscriminatory basis and shall be assigned on the basis of an open season or pre-arrangement in accordance with the procedures described in Sections

 

 

23.7 Open Season and Matching Period. The minimum term of any open season held as a consequence of the posting by a Releasing Shipper of its election to release capacity in accordance with Sections 23.3 or 23.4 hereof shall be as specified

 

(a) Capacity released under a pre-arrangement for a period of 31 days or less may not be rolled over or extended unless an offer to release is posted on Transporter's Interactive Internet Website prior to the effective date of the rollover

 

(b) NAESB Standard 5.3.2 (Version 1.8) states:

For biddable releases (less than 1 year):

-- offers should be tendered by 12 p.m. on a Business Day;

-- open season ends no later than 1 p.m. on a Business Day (evaluation period begins at 1 p.m. during which contingency is eliminated, determination of best bid is made, and ties are broken);

-- evaluation period ends and award posting if no match required at 2 p.m.;

-- match or award is communicated by 2 p.m.;

-- match response by 2:30 p.m.;

-- where match required, award posting by 3 p.m.;

-- contract issued within one hour of award posting (with a new contract number, when applicable); nomination possible beginning at the next available nomination cycle for the effective date of the contract. (Central Clock Time)