Midwestern Gas Transmission Company

Third Revised Volume No. 1

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Effective Date: 06/12/2005, Docket: RP05-341-000, Status: Effective

Sixth Revised Sheet No. 262 Sixth Revised Sheet No. 262 : Effective

Superseding: Fifth Revised Sheet No. 262

 

GENERAL TERMS AND CONDITIONS

 

 

21. CAPACITY RELEASE (Continued)

 

21.11 Standard Capacity Release Timeline (Continued)

 

(f) Intra-day 2 Cycle

 

(i) posting of prearranged deals not subject to bid are due by

4:00 p.m. (CCT);

 

(ii) 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.

 

(g) Methodologies Supported by Standard Timeline

 

For the capacity release business process timing model, only the following

methodologies are required to be supported by Company and provided to

Releasing Shippers as choices from which they may select and, once chosen,

shall be used in determining the awards from the bid(s) submitted. They

are: 1) highest rate, 2) net revenue, and 3) present value. [5.3.3/v1.0]

 

(h) Methodologies Not Supported by Standard Timeline

 

Other choices of bid evaluation methodologies (including other Releasing

Shipper defined evaluation methodologies) shall be accorded similar

timeline evaluation treatment at the discretion of Company. However,

Company is not required to offer other choices or similar timeline

treatment for other choices, nor, is Company held to the timeline should

the Releasing Shipper elect another method of evaluation. [5.3.3/v1.0]

 

(i) The deadlines set forth in this Subsection are only applicable if (i) all

the information provided by the parties to the transaction is valid and

the Replacement Shipper has been determined to be creditworthy in

accordance with Subsection 21.13 of these General Terms and Conditions;

and (ii) there are no special terms or conditions of the release.

Nominations by the winning Bidder may be submitted at the earliest

available nomination cycle.

 

21.12 Standard Recall and Reput Notification Periods

 

Company shall support the following recall notification periods for all

released capacity subject to recall rights [5.3.44/v1.7]:

 

(a) Timely Recall Notification

 

(i) A Releasing Shipper recalling capacity shall provide notice of such

recall to Company and the first Replacement Shipper no later than

8:00 a.m. (CCT).

 

(ii) Company shall provide notification of such recall to all affected

Replacement Shippers no later than 9:00 a.m. (CCT).

 

(b) Early Evening Recall Notification

 

(i) A Releasing Shipper recalling capacity shall provide notice of such

recall to Company and the first Replacement Shipper no later than

3:00 p.m. (CCT).

 

(ii) Company shall provide notification of such recall to all affected

Replacement Shippers no later than 4:00 p.m. (CCT).