Central Kentucky Transmission Company
Original Volume No. 1
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Effective Date: 05/01/2006, Docket: CP05- 48-002, Status: Effective
Original Sheet No. 140 Original Sheet No. 140 : Effective
GENERAL TERMS AND CONDITIONS
(c) Where Releasor has posted a prepackaged arrangement at less
than the maximum rate (including prepackaged arrangements for 31 days or
less for which the Releasor requests competitive bidding), the designated
Replacement Shipper under that arrangement will be awarded the capacity if,
within the time limits specified in Section 14.3(h) immediately above, that
designated Replacement Shipper matches the competing bid(s) offering the
highest economic value, as calculated in accordance with the bid evaluation
criteria set forth in Section 14.1(c) or in the Release Notice.
(d) Where highest bids of equal value are received for released
capacity from more than one bidder, not including a designated Replacement
Shipper under a prepackaged arrangement, the capacity (i) shall be assigned
in accordance with any nondiscriminatory method for breaking ties
established by Releasor in the Release Notice, or (ii) shall, if Releasor
does not establish a tie-breaking method, be assigned pro rata on the basis
of the respective quantities bid by the winning bidders. Bidders may
specify in their bids the minimum quantities they will accept. If a pro
rata allocation would result in assignment of quantities below a bidder's
minimum quantity, any such bidder will not be assigned the capacity, and
the total quantity available for assignment will then be re-allocated among
the remaining highest value bidders on a pro rata basis.
(e) Transporter should not award capacity release offers to the
Shipper until and unless the Shipper meets Transporter's creditworthiness
requirements applicable to all services that it receives from Transporter,
including the service represented by the capacity release.
(f) Transporter shall post on the EBB the winning bid and the
identity of the winning bidder(s) in accordance with the Capacity Release
timeline under Section 14(c) above.
14.5 Assignment Agreements.
(a) For all transactions pursuant to this Section 14, Transporter
shall electronically transmit an Assignment Agreement upon receipt of
Replacement Shipper's electronic confirmation reflecting the terms of the
Release Notice to Replacement Shipper in accordance with the Capacity
Release timeline under Section 14(c) above.