Granite State Gas Transmission, Inc.
Fourth Revised Volume No. 1
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Effective Date: 03/01/2010, Docket: RP10-322-000, Status: Effective
Original Sheet No. 125 Original Sheet No. 125
GENERAL TERMS AND CONDITIONS
26. CAPACITY RELEASE (continued)
26.10 Right of First Refusal
In the case of a pre-arranged bid, if the bid submitted by
another Bidder exceeds the value of the bid submitted by the
Pre-arranged Replacement Customer, the Pre-arranged Replacement
Customer will be given the opportunity to match the terms of the
best bid. Within one (1) hour of the close of the bidding period,
Transporter will notify the Releasing Customer and the
Pre-arranged Replacement Customer of the terms of the better bid.
The Pre-arranged Replacement Customer will then have one (1) hour
to match those terms. Otherwise, the capacity will be awarded to
the other Bidder.
26.11 Capacity Not Released
The Releasing Customer shall retain all of the capacity that
is not acquired by a Replacement Customer as the result of the
bidding process or a pre-arranged deal.
26.12 Notice of Completed Transactions:
Immediately after capacity has been awarded pursuant to this
Article 26, Transporter will post electronically a notice of
completed transaction containing the following information:
(i) term of release;
(ii) price(s) as bid;
(iii) primary receipt and delivery points;
(iv) quantity in Dth;
(v) whether the capacity is firm or firm recallable;
(vi) the name of the Replacement Customer and whether
the Replacement customer is affiliated with the Releasing