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)