Horizon Pipeline Company, L.L.C.

Original Volume No. 1

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Effective Date: 10/01/2002, Docket: RP02-415-001, Status: Effective

Substitute First Revised Sheet No. 164 Substitute First Revised Sheet No. 164 : Effective

Superseding: Original Sheet No. 164

GENERAL TERMS AND CONDITIONS

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15. CAPACITY RELEASE BY FIRM SHIPPERS

 

15.1 GENERAL

 

(a) Subject to the terms, conditions and limitations

set forth in this Section 15, a Shipper holding capacity rights

under an Eligible Firm Transportation Agreement shall have the

right to release all or a portion of such capacity rights and, if

a capacity release is effectuated under this Section 15, to

receive a credit for reservation charge revenues received by

Horizon from that other Shipper for such released capacity.

 

(b) The deadlines set forth in this Section 15 are

applicable to all parties involved in the capacity release

process; however, they are only applicable if all information

provided by the parties to the transaction is valid and the

Replacement Shipper (or Subreplacement Shipper, if applicable)

has been determined to be creditworthy before the Qualified Bid

is tendered, and there are no special terms or conditions of the

release.

 

(c) Following is a summary of the capacity release

process and deadlines set forth in greater detail in the

remainder of this Section 15:

 

(1) For biddable releases (less than one (1)

year):

 

(i) The Capacity Release Request should be

tendered by no later than 12:00 p.m. Central Clock Time on a

Business Day;

 

(ii) The open season ends no later than

1:00 p.m. Central Clock Time on a Business Day (evaluation period

begins at 1:00 p.m. Central Clock Time during which contingency

is eliminated, determination of winning Qualified Bid(s) is made,

and ties are broken);

 

(iii) Evaluation period ends and award

posting if no match required at 2:00 p.m. Central Clock Time;

 

(iv) Match or award is communicated by 2:00

p.m. Central Clock Time;

 

(v) Match response by 2:30 p.m. Central

Clock Time;