Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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Effective Date: 09/01/2005, Docket: RP05-454-001, Status: Effective

First Revised Sheet No. 123A First Revised Sheet No. 123A : Effective

Superseding: Original Sheet No. 123A

 

 

GENERAL TERMS AND CONDITIONS (Cont'd)

 

19.4(g) Recall Rights Under a Temporary Release, subject to

Recall - (cont'd)

 

Elapsed Prorata Capacity means that portion of

the capacity that would have theoretically been

available for use prior to the effective time of

the intraday recall based upon a cumulative

uniform hourly use of the capacity.

 

 

19.5 SHIPPER's Obligations:

 

(a) ACQUIRING SHIPPER: To bid on capacity offered

under one of the types of Temporary Releases set

forth in subsection 19.3(b), the bidder must be

preapproved for credit and have executed a Form of

Service Agreement for Temporary Releases of Firm

Transportation Capacity (Temporary Release

Agreement) , as more particularly set forth in

subsection 19.6(e). To bid on capacity for a

Permanent Release under subsection 19.3(a), the

bidder must be preapproved for credit and have

submitted an executed Transportation Service

Request Form, as more particularly set forth in

subsection 19.6(d). Any bid submitted cannot be

withdrawn after the end of the bid period, and any

bid not withdrawn will legally bind the bidder to

the terms of the bid if Transporter chooses such

bid as the "best bid" under subsection 19.6(g).

Once a bid on an Offer for a Permanent Release of

capacity under subsection 19.3(a) is accepted, the

ACQUIRING SHIPPER shall execute a separate FT-1 or

FT-2 Transportation Service Agreement by 10:00

a.m. CCT the day of nomination to utilize the

capacity under the terms set forth in the best bid

and the terms and conditions of Transporter's FERC

Gas Tariff applicable to the capacity released.

Before an ACQUIRING SHIPPER may execute a

Temporary Release Agreement with Transporter to

utilize released firm capacity, the ACQUIRING

SHIPPER must satisfy all of Transporter's

requirements relating to Rates Schedule FT-1

and/or FT-2. Once a bid on an Offer for a

Temporary Release of capacity under subsection

19.3(b) is accepted, the ACQUIRING SHIPPER agrees

that the Addendum to its Temporary Release

Agreement provided by Transporter by 10:00 a.m.

CCT on the day of nomination shall be binding and

no further execution thereof shall be required.