Centerpoint Energy - Mississippi River
Third Revised Volume No. 1
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Effective Date: 04/01/2003, Docket: RP00-410-003, Status: Effective
Second Revised Sheet No. 171 Second Revised Sheet No. 171 : Effective
Superseding: First Revised Sheet No. 171
GENERAL TERMS AND CONDITIONS
14. CAPACITY RELEASE (Continued)
(b) Upon a satisfactory credit appraisal by MRT, the Potential
Bidder shall become an Approved Bidder.
(c) MRT will maintain an Approved Bidders list in its business
office and on its Internet web site.
(d) Any Approved Bidder desiring to submit a bid for a Release
Offer must transmit its bid for posting to MRT's Internet web site
during the applicable bid periods as set forth in Section 14.4 above.
After review by MRT and deletion of the Approved Bidder's identity and
the affiliate and/or agent information described in Section 14.6(d)(v)
below, MRT will post the bid on its Internet web site. All bids for
released capacity are subject to the terms and conditions set forth
below. Submission of a bid to MRT shall constitute the Approved
Bidder's agreement to pay MRT the applicable rates and charges posted in
the Release Offer and any additional charges applicable under this
tariff (including, but not limited to, charges for utilization of
secondary points), and to abide by the terms and conditions of this
tariff, as on file and in effect from time to time.
(i) All bid prices must comply with the requirements of
the Release Offer and be made in increments of cents equal to
those set forth in MRT's currently effective tariff rates.
(ii) All bids are binding. Approved Bidders may withdraw
their bids during the applicable posting period if MRT receives
electronic notice of withdrawal via the Internet prior to the
close of the period; however, any Approved Bidder withdrawing its
bid shall not submit a new bid for the same Release Offer at a
rate lower than its previous, withdrawn bid. If a bid is not
withdrawn, any subsequent bid received by MRT from the same
Approved Bidder for the same Release Offer will be invalid.
(iii) Bids may contain any contingencies or conditions, but
any contingencies or conditions must be fully described including
the last date by which the bid shall be null and void if such
contingency or condition does not occur.
(iv) Bids outside of the posting period specified in the
posted Release Offer or bids that do not comply with the Release
Offer and the terms and conditions herein will be deemed invalid.