Centerpoint Energy - Mississippi River
Third Revised Volume No. 1
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Effective Date: 01/21/2008, Docket: RP08-135-000, Status: Effective
Third Revised Sheet No. 173 Third Revised Sheet No. 173 : Effective
Superseding: Second Revised Sheet No. 173
GENERAL TERMS AND CONDITIONS
(Continued)
14. CAPACITY RELEASE (Continued)
gross monthly revenue figure shall also be multiplied by:
(A) the average monthly transportation flow (in percentage
terms) that the Releasing Customer stated should be assumed
for bid evaluation hereunder, if any; or (B) otherwise, ten
percent (10%).
(ii) Each gross monthly revenue figure shall be
discounted to a net present value figure as of the first day
of the capacity release as set forth in the Release Offer,
using the current Federal Energy Regulatory Commission
interest rate as defined in 18 C.F.R. Section 154.501(d) or
any superseding regulations of the Commission.
(iii) The net present value figures for the proposed
release shall be summed, and such sum shall be the bid
value.
(iv) The unit bid value is defined to equal the bid
value divided by the product of: (A) the highest capacity
quantity (in Dth) sought in the Qualifying Bid for any day;
multiplied by (B) the release term (in months) in the
Release Offer; and multiplied further by (C) thirty and
four-tenths (30.4).
(v) The Qualifying Bid which produces the highest
unit bid value will be deemed to be the Best Bid.
(d) If there is no Winning Bid for the Releasing Customer's
capacity, the Releasing Customer may resubmit its Release Offer to MRT's
Internet web site for another posting period, and may modify any of the
terms and conditions of its previous Release Offer.
(e) MRT will post the names of, and affiliate and, as
appropriate, agent information for, all Winning Bidders for released
capacity pursuant to Sections 14.4(b) and (c) above.