Centerpoint Energy - Mississippi River

Third Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

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

Fourth Revised Sheet No. 184 Fourth Revised Sheet No. 184 : Effective

Superseding: Second Revised Sheet No. 184

GENERAL TERMS AND CONDITIONS

(Continued)

 

15. TERMINATION OF SERVICE/RIGHT OF FIRST REFUSAL (Continued)

 

(b) An existing firm capacity holder that desires to retain its

firm capacity will not be subject to the bidding procedures set forth

herein if the firm capacity holder agrees to pay MRT's maximum

applicable firm transportation rate for a term of five (5) years or

more, and enters into the appropriate form of Service Agreement with MRT

reflecting such agreement. MRT shall offer the evergreen provision set

forth in Section 15.2 of these General Terms and Conditions to the

agreeing existing firm capacity holder.

 

(c) After the firm capacity holder notifies MRT as provided for

in Section 15.3(a) herein, if the firm capacity holder desires to

exercise its right of first refusal but does not agree to the provisions

of Section 15.3(b), then MRT shall post notice of the potential

availability of the firm capacity on its Internet web site. Such

Internet web site notice shall describe the quantity and path of the

firm capacity, and the duration of the posting period, which period

shall not be less than thirty (30) calendar days, during which time MRT

will receive bids for the capacity. In addition, the Internet web site

notice shall indicate whether MRT is willing to receive bids for the

available capacity at a level below MRT's maximum applicable firm

transportation rate but greater than a certain rate floor, and any

minimum term or volume conditions.

 

(d) If a firm capacity holder's agreement contains an evergreen

provision, such agreement shall not be deemed to have expired until all

evergreen rights have been honored.

 

15.4 Bidders for part or all of the capacity available shall transmit

their bids to MRT in writing. Upon thirty (30) days' notice via a posting on

MRT's Internet web site, MRT may require such bids to be transmitted

electronically via the Internet. MRT will consider only bona fide bids for

the firm capacity. A bid will be considered bona fide if, in addition to a

price and term, which term may not exceed five (5) years, the bid also

includes:

 

(a) a statement that, if its bid is ultimately accepted, the

bidder will agree to meet the terms and conditions of this tariff,

including the credit criteria contained herein; and