Iroquois Gas Transmission System, L.P.
FIRST REVISED VOLUME NO. 1
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Effective Date: 07/01/2009, Docket: RP09-627-000, Status: Effective
EIGHTH REVISED SHEET NO. 95 EIGHTH REVISED SHEET NO. 95
Superseding: SEVENTH REVISED SHEET NO. 95
28.6 Notice by Releasing Shipper of its Election to
Release Capacity and Timeline for Capacity Releases. Any
Releasing Shipper that elects to release all or a portion of its
firm capacity rights must provide Transporter with a Release
Notice via Transporter's Electronic Bulletin Board or EDI as set
forth in Section 28.6 below. Transporter shall endeavor, but
shall not be obligated, to administer Release Notices received
in writing, and any such notice must be received by Transporter
at least one Business Day prior to the desired posting date.
Any terms and conditions listed in the Release Notice must be
non-discriminatory and consistent with Transporter's Tariff and
the Gas Transportation Contract with the Releasing Shipper.
(a) Timeline for Capacity Releases. The capacity
release timeline set forth in this Section 28.6 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 Replacement Shipper
has been determined to be creditworthy before the capacity
release bid is tendered, and 2) there are no special terms or
conditions of the release. Replacement Shippers may submit a
nomination at the earliest opportunity after acquisition of
capacity.
For biddable releases (less than or equal to 1 year):
- offers should be tendered by 12:00 P.M. on a Business Day;
- open season ends no later than 1:00 P.M. on a Business Day
(evaluation period begins at 1:00 P.M. during which
contingency is eliminated, determination of best bid is
made, and ties are broken);
- evaluation period ends and award posting if no match
required at 2:00 P.M.;
- match or award is communicated by 2:00 P.M.;
- match response by 2:30 P.M.;
- where match required, award posting by 3:00 P.M.;
- contract issued within one hour of award posting (with a
new contract number, when applicable); nomination possible
beginning at the next available nomination cycle for the
effective date of the contract. (Central Clock Time)