Centerpoint Energy - Mississippi River

Third Revised Volume No. 1

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Effective Date: 04/01/2003, Docket: RP00-410-003, Status: Effective

Third Revised Sheet No. 162 Third Revised Sheet No. 162 : Effective

Superseding: Second Revised Sheet No. 162

GENERAL TERMS AND CONDITIONS

(Continued)

 

14. CAPACITY RELEASE

 

14.1 Definitions

 

(a) The term "Approved Bidder" shall mean any Potential Bidder

that has met MRT's credit criteria as set forth in Section 5.4 of these

General Terms and Conditions.

 

(b) The term "Best Bid" shall mean the Qualifying Bid of the

highest value that meets the objective and nondiscriminatory economic

standard set forth in the Releasing Customer's Release Offer, or the

economic standard set forth in Section 14.7 herein if the Releasing

Customer did not include such standard in its Release Offer, and that

meets all other terms and conditions of the Release Offer.

 

(c) The term "Bid" shall mean an offer to take assignment of

capacity pursuant to a Release Offer subject to this Section.

 

(d) The term "Highest Rate" shall mean the highest unit rate

(expressed in dollars) submitted in a Qualifying Bid.

 

(e) The term "Replacement Capacity Agreement" shall mean, for a

particular release transaction, the Service Agreement comprised of the

notice of award of capacity posted on MRT's Internet web site and the

terms of the form of Service Agreement under the applicable rate

schedule, which forms are located in this tariff and posted on MRT's

Internet web site.

 

(f) The term "Maximum Firm Transportation Charge" shall mean

MRT's maximum applicable tariff reservation rate(s) applicable to the

released capacity, plus all fees, surcharges, transition, or other costs

owed by the Releasing Customer to MRT.

 

(g) The term "Net Revenue" shall mean the amount calculated as

provided in Section 14.7(c)(i)(A) below multiplied by the release term

(in months).

 

(h) The term "Potential Bidder" shall mean any person or entity

who desires to place a bid for a Release Offer pursuant to this Section.

 

(i) The term "Pre-Arranged Release" shall mean the binding

agreement between a Releasing Customer and a Pre-Arranged Replacement

Customer pertaining to the release of firm capacity, subject to this

Section 14.