Paiute Pipeline Company

Second Revised Volume No. 1-A

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Effective Date: 06/01/1997, Docket: RP97-136-001, Status: Effective

First Revised Sheet No. 105 First Revised Sheet No. 105 : Effective

Superseding: Original Sheet No. 105

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

14. CAPACITY RELEASE (Continued)

 

14.2 General Provisions: (Continued)

 

release is subject to the bidding requirements of this

Section. Offers to purchase capacity must include desired

receipt and delivery point(s), contract volume, and contract

term and price information.

 

(c) A Releasing Shipper may post an offer to release capacity by

completing the Request Form for Release of Firm Capacity on

Paiute's Electronic Bulletin Board. Basis for released

quantity should be per day for transportation, storage

injection, storage withdrawal, and a per-release quantity

for storage capacity and total release period quantity. In

addition, offers to release capacity may be made by

submitting to Paiute in hard copy form the Request Form for

Release of Firm Capacity contained in Section 25 of the

General Terms and Conditions of this Tariff, or otherwise in

a written document that contains at least the following

minimum information: the Releasing Shipper's name, contract

number, contract quantity per day stated in a numeric

quantity only to be released receipt point(s), delivery

point(s), commencement date for the release, termination

date for the release, whether the release will be subject to

recall, any shorter term over which the Releasing Shipper is

willing to release, the minimum rate at which the Releasing

Shipper is willing to permit release, whether Releasing

Shipper will permit contingent bids to be submitted, and any

specific conditions of the release. If the Releasing Shipper

permits contingent bids to be submitted, the Releasing

Shipper must specify a time period following the close of

the Bidding Period during which the next highest bidder will

remain obligated to take the capacity if the winning

contingent bidder decides not to purchase the available

capacity. A Releasing Shipper will not be able to specify an

extension of the original bid period or the prearranged deal

match period, without posting a new release. A winning

contingent bidder is obligated to take capacity unless the

contingency does not occur. In the event a Releasing Shipper

has secured a Prearranged Replacement Shipper, the release

request must also identify the rate and term of the bid

which such Prearranged Replacement Shipper is willing to

pay, the identity of the Prearranged Replacement Shipper,