Granite State Gas Transmission, Inc.
Third Revised Volume No. 1
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Effective Date: 01/31/2003, Docket: RP97-153-000, Status: Effective
First Revised Sheet No. 302 First Revised Sheet No. 302 : Superseded
Superseding: Original Sheet No. 302
GENERAL TERMS AND CONDITIONS
29. CAPACITY RELEASE (continued)
29.7 Bidding Process
(vi) whether Replacement Shipper is willing to acquire
capacity rights subject to recall by the Releasing
(vii) Whether or not the Bidder is an affiliate of
the Releasing Shipper.
Any bid received by Transporter during the bidding period shall be
binding on the Bidder unless electronic notice of withdrawal is
received by Transporter prior to the close of the bidding period.
Bids cannot be withdrawn after the bid period ends. To be
considered valid, the bid must satisfy the minimum terms imposed
by the Releasing Customer.
29.8 Capacity Release Timeline
The Capacity Release timeline is applicable to all parties
involved in the Capacity Release process; however, it is only applicable if
1) all information provided by the parties to the transaction is valid and
the acquiring Shipper has been determined to be credit worthy before the
capacity release bid is tendered and 2) there are no special terms or
conditions of the release.
For short-term releases (less than 5 months):
- Offers should be tendered by 1:00 p.m. Central Time on the
day prior the nomination deadline applicable to the effec
tive date of the release.
- The bid period ends no later than 2:00 p.m. Central Time
on the day before nominations are due.
- The evaluation period begins at 2:00 p.m. CT during which
contingency is eliminated, determination of best bid is
made, and ties are broken.