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. 119 Original Sheet No. 119 : Effective

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

PPEC shall post offers and bids, including pre-arranged deals,

upon receipt, unless Releasing Customer requests otherwise. If

Releasing Customer requests a posting time, PPEC shall support

such request insofar as it comports with the standard timeline. A

Releasing Customer cannot specify an extension of the original bid

period or the pre-arranged deal match period, without posting a

new release.

 

4.4 Pre-arranged Releases. Releasing Customer may

designate an entity (a designated "Pre-arranged Replacement

Customer") to which it has agreed to release the capacity upon

specified terms and conditions. Customer's offer to release under

such a pre-arranged transaction shall be subject to the prior

posting and bidding procedures described in Sections 4.5 and 4.6,

herein, with the designated Pre-arranged Replacement Customer

being given a right to match the best bid submitted during the bid

period; provided, however, if a pre-arranged transaction with a

Pre-arranged Replacement Customer is for a period of thirty-one

(31) Days or less, the Releasing Customer shall provide notice to

PPEC in accordance with this Section and may implement the release

without complying with such prior posting and bidding procedures.

Notices of such exempted releases shall be posted on the Internet

Web Site in accordance with Section 4.3 herein.

 

4.5 Posting. Following receipt of a notice of offer to

release capacity which satisfies the requirements set forth in

this Section, PPEC will post such information on its Internet Web

Site in accordance with the timeline set forth in Section 4.3

herein. PPEC shall also post offers to purchase capacity from

those who desire current Customers to release capacity upon

receipt of the applicable information as set forth in this

Section.

 

4.6 Bidding and Selection of Replacement Customer.

 

(a) If Releasing Customer desires to solicit bids

for releases of thirty-one (31) Days or less, it may direct PPEC

to post notice of the availability of such capacity and, in lieu

of permitting bids during the otherwise applicable posting period,

Releasing Customer may direct PPEC to award the capacity to the

bidder which submits first in time a valid bid meeting any minimum

terms specified by the Releasing Customer.

 

(b) Any bid submitted by a prospective Replacement

Customer shall include an e-mail address for at least one contact

person, and it is the Customer's responsibility to update e-mail

address information provided to PPEC, as necessary. A bidder may

not have more than one eligible bid for the same release offer at

any time. Bids shall be binding until written or electronic

notice of withdrawal is received by PPEC before the end of the bid

period. Bids cannot be withdrawn after the bid period ends. Once

a bid is withdrawn, that bidder may only submit a new bid pursuant

to that release offer if it is at a higher rate than the withdrawn

bid.