Pine Prairie Energy Center, LLC

Original Volume No. 1

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Effective Date: 09/01/2007, Docket: RP07-563-000, Status: Effective

Original Sheet No. 116 Original Sheet No. 116 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

This allocated daily contractual entitlement shall be used for

purposes of nominations, billing, and if applicable, for overrun

calculations.

 

The MSQ, Maximum Park Quantity or Maximum Loan Quantity that can

be released by a Releasing Customer for an intraday release is

limited to a quantity not in excess of the Releasing Customer's

MSQ, Maximum Park Quantity or Maximum Loan Quantity, less the

Releasing Customer's Storage Inventory or Loan Balance.

 

4.3 Posting and Bidding Timeline. For the Capacity

Release business process timing model, only the following

methodologies shall be supported by PPEC and provided to Releasing

Customers as choices from which they may select and, once chosen,

shall be used in determining the awards from the bid(s) submitted.

They are: 1) highest rate, 2) net revenue and 3) present value.

Other choices of bid evaluation methodology (including other

Releasing Customer defined evaluation methodologies) can be

accorded similar timeline evaluation treatment at PPEC's

discretion; however, PPEC is not required to offer other choices

or similar timeline treatment for other choices. Further, PPEC

shall not be held to the timeline specified in Sections 4.3(a) and

4.3(b) below should the Releasing Customer elect another method of

evaluation. Should the Releasing Customer elect another method of

evaluation, the timeline specified in Section 4.3(c) below shall

apply. The proposed duration of Customer's release determines the

minimum bid period for the Customer's offer pursuant to this

Section 4. The Capacity Release timeline is applicable to all

parties involved in the Capacity Release process; however, it is

only applicable if (i) all information provided by the parties to

the transaction is valid and the Replacement Customer has been

determined to be creditworthy before the capacity release bid is

tendered and (ii) there are no special terms or conditions of the

release.

 

The Capacity Release timeline is as follows:

 

(a) For standard releases of less than one (1) year:

 

- Offers shall be tendered by 12:00 p.m. CCT on a Business

Day;

- The bid period shall end at 1:00 p.m. CCT on the same

Business Day or at 1:00 p.m. CCT on any subsequent

Business Day as specified in Releasing Customer's offer,

whichever is elected by Releasing Customer;

- Evaluation period begins at 1:00 p.m. CCT on the Day the

bid period ends, during which contingency is eliminated,

determination of best bid is made, and ties are broken;

- Evaluation period ends and award is posted if no match is

required at 2:00 p.m. CCT the same Day;

- If the Prearranged Replacement Customer's bid is not the

"best bid", PPEC shall allow such Prearranged Replacement

Customer a Matching Period of thirty (30) minutes from

2:00 p.m. until 2:30 p.m. CCT on the Day the Bid Period

ends, or such later time as specified in the Releasing

Customer's offer, to determine whether to match the

"best bid" and to notify PPEC of its decision.

- If a match is required, the award will be posted by

3:00 p.m. CCT.