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. 183 First Revised Sheet No. 183

Superseding: Original Sheet No. 183

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(b) A potential Replacement Shipper responding to the posting of a

Release Notice shall be permitted to bid a quantity and a term of service

different from those specified in the posted Release Notice; provided,

however, that a Bidder shall not be permitted to bid a quantity or a term of

service lower than any minimum quantity or term disclosed and posted by

Releasor in the Release Notice. Bidders must accept all other conditions set

forth in the Release Notice.

 

(c) Bids shall be submitted by potential Replacement Shippers

without bidders knowing the identities of other bidders. Bidders may submit

multiple bids, each higher than the previous bid, during the posting period

established pursuant to Section 14.2(e) above.

 

(d) All bidders must (i) have pre-qualified under Transporter's

creditworthiness standards, (ii) appear on Transporter's Approved Bidders

List, and (iii) where execution of an Assignment Agreement will be required

within five days of its transmission by Transporter, have executed an

Electronic Contracting Agreement with Transporter, as required by Section 3

(Requests for Service), Section 9 Operating Conditions, and Section 5

(Service Agreement and Electronic Contracting), of the General Terms and

Conditions.

 

(e) All bids for capacity release transactions more than one (1)

year in length and all capacity release transactions one (1) year or less in

length that will take effect more than one (1) year from the date on which

Transporter is notified of the release shall neither exceed the maximum rates

nor be less than the minimum rates permitted by the Commission for the

released services. Bids 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, may exceed the maximum rates

but shall not be less than the minimum rates permitted by the Commission for

released services. Bids for capacity that are subject to maximum rates, and

that are submitted at a one-part volumetric rate (which shall apply only to

the reservation portion of the rate), shall not exceed a maximum rate

calculated by converting the applicable maximum reservation charge into a

volumetric charge at a 100% load factor plus the applicable commodity

charges.