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
14. CAPACITY RELEASE
(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
(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