Millennium Pipeline Company, L. L. C.

Original Volume No. 1

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Effective Date: 12/22/2008, Docket: CP98-150-011, Status: Effective

Original Sheet No. 174 Original Sheet No. 174

 

GENERAL TERMS AND CONDITIONS (Continued)PRIVATE

 

14. RELEASE AND ASSIGNMENT OF SERVICE RIGHTS

 

(a) The procedures set forth in this Section governing the release

and assignment of service rights by Shippers shall apply to all services

offered by Transporter for which such right is provided in the applicable

Rate Schedule. A Shipper under such applicable Rate Schedule may release and

assign all or any portion of the service under its Service Agreement. Any

Shipper accepting such assignment ("Replacement Shipper") must be listed on

Transporter's Approved Bidders List, must have executed an Electronic

Contracting Agreement with Transporter, and must be an authorized EBB user

complying with all conditions and requirements set forth in the General Terms

and Conditions and in the applicable Rate Schedule and Service Agreement.

 

(b) The Capacity Release timeline 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 acquiring shipper has been determined to be credit worthy before the

capacity release bid is tendered and 2) there are no special terms or

conditions of the release.

 

(c) Capacity Release Timeline:

 

For biddable releases (less than 1 year):

 

(1) offers should be tendered by 12:00 P.M. on a Business Day;

 

(2) 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);

 

(3) evaluation period ends and award posting if no match

required at 2:00 P.M.;