Granite State Gas Transmission, Inc.
Third Revised Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 01/31/2003, Docket: RP97-153-000, Status: Effective
First Revised Sheet No. 299 First Revised Sheet No. 299 : Superseded
Superseding: Original Sheet No. 299
GENERAL TERMS AND CONDITIONS
29. CAPACITY RELEASE (continued)
29.4 Notice by Releasing Customer
(viii) Whether contingent bids will be accepted for evaluation
and, if so, for what time period each contingent bidder
will be allowed to meet or eliminate the contingency; and,
if not met or eliminated, all details concerning the
evaluation of other bids, including when the next highest
bidder will be obligated to acquire the capacity.
(ix) Whether the Releasing Customer is willing to consider
releasing capacity at a minimum rate, including all sur
charges, or at a rate lower than the maximum reservation
rate for the applicable service, or if the Releasing Cus
tomer is willing to consider bids on a volumetric basis,
the minimum reservation charge stated on a volumetric
(x) Whether bids should be submitted in dollars and cents or
percentages of maximum tariff rate.
(xi) Whether the Releasing Customer wants Transporter to market
its released capacity;
(xii) The criteria which Transporter should apply in determining
the "best bid" and any tie-breaker to be applied in the
event of equal bids, may be one of the following three
standard evaluation methods; 1) highest rate, 2) net
revenue and 3) present value or such other methodology as
defined by the Releasing Shipper. Any said alternative
criteria must be objectively stated and non-
discriminatory. However, any method other than the three
standard methods listed above may be evaluated outside the
Capacity Release Timeline outlined in Section 29.7;
(xiii) The length of the bidding period desired.
Releasing Shipper shall not be allowed to specify an extension
of the original Bid Period or the Prearrange deal matching
period without posting a new release.