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.