Mogas Pipeline LLC (Fomerly Missouri Interstate Gas)
First Revised Volume No. 1
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Effective Date: 06/01/2008, Docket: CP06-407-002, Status: Effective
Original Sheet No. 73 Original Sheet No. 73 : Pending
GENERAL TERMS AND CONDITIONS
21. Capacity release program
(a) The term "Approved Bidder" shall mean any potential Bidder
that has met Transporter's credit criteria as set forth in
Section 6.2 of these General Terms and Conditions and has
executed a Capacity Release Agreement.
(b) The term "Best Bid" shall mean the qualifying Bid
of the highest value that meets the objective and
nondiscriminatory economic standard set forth in the Releasing
Shipper's Release Offer, and that meets all other terms and
conditions of the Release offer;
(c) The term "Bid:" shall mean an offer to take
assignment of capacity pursuant to a Release Offer subject to
(d) The term "Highest Rate" shall mean the highest unit
rate (expressed in dollars) submitted in a Qualifying Bid.
(e) The term "Master Capacity Release Agreement" shall
mean the form of service agreement set forth in this tariff that
must be executed by a Potential Bidder that has met Transporter's
credit criteria pursuant to Section 6.4 of these General Terms
and Conditions in order to contract for capacity offered for
(f) The term "Maximum Firm Transportation Charge" shall
mean Transporter's maximum applicable tariff reservation rate(s)
applicable to the released capacity, plus all fees, surcharges,
transition, or other costs owed by the Releasing Shipper to
(g) The term "Net Revenue" shall mean the amount
calculated as provided in Section 21 below multiplied by the
release term (in months).
(h) The term "Potential Bidder" shall mean any person
or entity who desires to place a bid for a Release Offer pursuant
to this Section.
(i) The term "Pre-Arranged Release" shall mean the
binding agreement between a Releasing Shipper and a Pre-Arranged
Replacement Shipper pertaining to the release of firm capacity,
subject to this section 21.
(j) The term "Pre-Arranged Replacement Shipper" shall
mean a person or entity who has entered into a Pre-Arranged
Release with a Releasing Shipper for firm capacity rights.
(k) The term "Qualifying Bid" shall mean an offer from
an Approved Bidder to take assignment of capacity pursuant to a
Release Offer that meets the minimum terms and conditions of the
Release offer and the terms and conditions of this tariff.