Paiute Pipeline Company

Second Revised Volume No. 1-A

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Effective Date: 08/01/2005, Docket: RP05-163-000, Status: Suspended

Fourth Revised Sheet No. 104A Fourth Revised Sheet No. 104A : Suspended

Superseding: Third Revised Sheet No. 104A

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

14. CAPACITY RELEASE (Continued)

 

14.1 Definitions: (Continued)

 

(m) Monthly Rate: Converting a daily rate to a monthly rate is

accomplished by multiplying the daily rate times the number

of days in the rate period, dividing the result by the

number of months in the rate period, taking the remainder

out to 5 decimal places, and rounding up or down to the

transporter's specified decimal place.

 

(n) A Contingent Bid is defined as (i) a bid that is conditioned

upon obtaining released capacity on an upstream pipeline

system, and/or (ii) a bid that is conditioned upon the

bidder's failure to secure released capacity on Paiute's

system from another Releasing Shipper.

 

(o) Bidding Period is the period commencing with the posting of

an offer to release capacity and terminating upon the

specified closing time for receiving bids.

 

(p) Open Season: The time period allowed for posting releases

and accepting bids.

 

14.2 General Provisions:

 

(a) Any Firm Shipper (Releasing Shipper) is eligible to release

all or part of its firm transportation or storage capacity

for use by another party (Prearranged Replacement Shipper

or Replacement Shipper) for a minimum term of one (1) day

and a maximum term not to exceed the remaining term of the

Releasing Shipper's firm service agreement. Any Replacement

Shipper or Prearranged Replacement Shipper which has pre-

viously contracted for Released Capacity may also release

the capacity to another party, thereby becoming the Releas-

ing Shipper, subject to the notification and bidding

requirements of this Section 14. Paiute will allow

re-releases on the same terms and basis as the primary

release (except as prohibited by regulations).

 

(b) Potential Replacement Shippers may post offers to purchase

capacity to the Electronic Bulletin Board. If an offer to

purchase results in a Capacity Release being offered, such