Granite State Gas Transmission, Inc.

Fourth Revised Volume No. 1

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Effective Date: 07/15/2010, Docket: RP10-846-000, Status: Effective

First Revised Sheet No. 117 First Revised Sheet No. 117

Superseding: Original Sheet No. 117

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

26. CAPACITY RELEASE (continued)

 

26.4 Notice by Releasing Customer

 

(x) 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

 

(xi) Whether the Releasing Customer is willing to consider releasing capacity at a minimum rate,

including all surcharges, or at a rate lower than the maximum reservation rate for the applicable service, or if the Releasing Customer is willing to consider bids on a volumetric basis, the minimum reservation charge stated on a volumetric

 

(xii) Whether bids should be submitted in dollars and cents or percentages of maximum tariff rate.

 

(xiii) Whether the Releasing Customer wants Transporter to market its released capacity;

 

(xiv) 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 rev

 

(xv) 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.

 

Capacity release facilitator should post offers and bids, including prearranged deals upon receipt, unless releasing Shipper requests otherwise. If a releasing Shipper requests a posting time, the capacity release service facilitator shou