Millennium Pipeline Company, L. L. C.

Original Volume No. 1

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Effective Date: 11/01/2009, Docket: RP10-17-000, Status: Effective

Second Revised Sheet No. 182 Second Revised Sheet No. 182

Superseding: First Revised Sheet No. 182

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(d) Timing and Duration of Posting. Offers by potential Releasors

to release and assign capacity must be posted on Transporter's EBB in

accordance with the Capacity Release timeline under Section 14(c) above.

Releasor may not specify an extension of the original bid period without

posting a new release.

 

(e) Method to Post. Transporter must post offers and bids,

including pre-arranged deals, upon receipt. Releasor may request a later

posting time for posting of such offer, and Transporter may support such a

request insofar as it comports with the standard Capacity Release timeline

specified in NAESB WGQ Standard No. 5.3.2.

 

14.3 Bidding.

 

(a) Potential Replacement Shippers must submit bids for released

capacity which comport with the methodology of the release notice stated in

ten-thousandths of one dollar ($0.0000) per Dth one day per month for

reservation charges, or in hundredths of one cent (0.00¢) per Dth for one-

part volumetric rate bids or a percent of maximum, accompanied by a valid Bid

for Capacity Release Form in the form included in this Tariff. Bids

submitted for a permanent release must be submitted on a valid Request for

Service as set forth in Section 3 of the General Terms and Conditions. For

capacity release transactions of one (1) year or less in length that will

take effect on or before one (1) year from the date on which Transporter is

notified of the release, there will be no maximum price cap. Such bids (i)

must be submitted electronically by potential Replacement Shippers to

Transporter's EBB in the format established by Transporter for such bids on

the EBB, (ii) must be displayed on the EBB when complete without revealing

the identity of the bidder during the bidding period, and (iii) in accordance

with Transporter's specifications, must specifically reference the capacity

for which the bid is being submitted.