Nora Transmission Company

First Revised Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-105-001, Status: Effective

First Revised Sheet No. 144 First Revised Sheet No. 144 : Superseded

Superseding: Original Sheet No. 144

GENERAL TERMS AND CONDITIONS (Continued)

 

 

 

(vii) Any specific release conditions requested by a Releasing

Customer must be operationally feasible and be

nondiscriminatory to other shippers. Bids on capacity

for periods in excess of one month may be contingent on

acquisition of downstream capacity.

 

(viii) Except as provided in Section 25.7, a bid may be withdrawn

after it is on received by Pipeline on Pipeline's

electronic communications system or via EDI any

time up to the last day of the bidding cycle. Once a bid

from an approved Bidder is accepted by Releasing

Customer, it shall be considered a binding agreement.

Pipeline will post all completed release transactions on

its electronic communications system or via EDI.

 

(ix) Bids for released capacity may not exceed the maximum

tariff rate for the applicable service set forth in

Pipeline's FERC Gas Tariff, as may be changed from time

to time.

 

(x) Capacity Release timeline set forth in Section 25.7 shall

be applicable to all parties involved in the Capacity

Release process; provided, however, the timeline shall

only be applicable if: 1) all information provided by

the parties to the transaction is valid, 2) the acquiring

Customer has been determined to be creditworthy before

the capacity release bid is tendered, and 3) there are no

special terms or conditions of the release.