Millennium Pipeline Company, L. L. C.

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-320-000, Status: Effective

First Revised Sheet No. 181 First Revised Sheet No. 181

Superseding: Original Sheet No. 181

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(b) Notice to Transporter; Informational Posting. For any exempt

transaction, as described in paragraph (a) immediately above, Releasor, shall

provide Transporter, (for contract execution purposes), and shall post on

Transporter's EBB in accordance with the Capacity Release timeline under

Section 14(c) above: (i) the information required for a Release Notice; (ii)

the price and term of the assignment; and (iii) the identity of the

Replacement Shipper; and (iv) for releases to an asset manager, as defined in

Section 284.8 of the Commission's regulations, the asset manager's delivery

obligation to Releasor. Releasor may post such exempt transactions at any

time. Transporter shall issue an Assignment Agreement within one (1) hour of

such posting and shall allow nominations under such Assignment Agreement in

the next available nomination cycle, as specified in Section 6.2(e) of the

General Terms and Conditions. In the event Shipper has not executed the

Assignment Agreement prior to making its nomination, Shipper shall be deemed

to have executed the Assignment Agreement with Transporter pursuant to which

the nomination is being made.

 

(c) Limitations on Continuation of Exempt Transactions. A Releasor

that has employed an exempt transaction to assign service to a designated

Replacement Shipper for a period of 31 days or less, as described in Section

14.2(a)(i) above: (i) shall not roll over, extend, or otherwise continue

that release beyond its original term without complying with the ordinary

posting and competitive bidding requirements applicable to all non-exempt

transactions, as set forth in this Section, unless the rollover, extension,

or continuation is for a term of more than one (1) year at the maximum rate,

meets all of the terms and conditions of the Release Notice, and qualifies as

an exempt transaction under Section 14.2(a) above; and (ii) shall not,

pursuant to the short-term exemption of Section 14.2(a)(i), re-release to the

same Replacement Shipper for 28 days after termination of the earlier release

period without fully complying with the ordinary posting and competitive

bidding requirements applicable to all non-exempt transactions, as set forth

in this Section, unless the re-release is at the maximum rate for a term of

more than one (1) year, meets all of the terms and conditions of the Release

Notice, and qualifies as an exempt transaction under Section 14.2(a) above.

This Section does not apply to releases to an asset manager or releases to a

marketer participating in a state-regulated retail access program.