Natural Gas Pipeline Company Of America
Seventh Revised Volume No. 1
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Effective Date: 11/01/2010, Docket: RP10-1223-000, Status: Pending
Second Revised Sheet No. 423 Second Revised Sheet No. 423
Superseding: First Revised Sheet No. 423
GENERAL TERMS AND CONDITIONS
The Releasing Shipper shall warrant that the computer diskette conforms
to the bid evaluation procedure in the Capacity Release Request.
For the capacity release business process timing
model, only the following methodologies are supported by Natural and
provided to Releasing Shippers as choices from which they may select and,
once chosen, will be used in determining the awards from the bid(s)
submitted. They are: 1) highest rate, 2) net revenues and 3) present
value. For index-based capacity release transactions, the Releasing
Shipper should provide the necessary information and instructions to
support the chosen methodology. Other choices of bid evaluation
methodology (including other Releasing Shipper defined evaluation
methodologies) can be accorded similar timeline evaluation treatment at
the discretion of Natural. However, Natural is not required to offer
other choices or similar timeline treatment for other choices, nor, is
Natural held to the timeline should the Releasing Shipper elect another
method of evaluation.
(b) The quantity sought to be released under a Capacity
Release Request shall not be less than the minimum quantity required for
the Eligible Firm Transportation Agreement under Natural's Tariff.
(c) The term of any release of capacity sought under
this Section 19 shall be at least one full day and shall not exceed the
remaining term of the Eligible Firm Transportation Agreement.
(d) (l) Segmented releases are subject to Section 8.14
of these General Terms and Conditions.
(2) (i) The maximum rates that may be bid and
charged for a Released Firm Transportation Agreement that is for a term
greater than one (1) year are the maximum lawful rates applicable to the
Eligible Firm Transportation Agreement held by the Original Shipper. If
the Original Shipper is paying a Negotiated Rate or a rate under a
Negotiated Rate Formula pursuant to Section 49 of these General Terms and
Conditions, a Qualified Bidder may not bid a rate which exceeds the
applicable Recourse Rate or is less than the applicable minimum rate a
qualified Bidder may bid a rate form which would be a Negotiated Rate or
Negotiated Rate Formula if and only if the rate form is one explicitly
recognized in Natural's Tariff as available for capacity releases (such
as volumetric rates); provided the resulting charges must be within the
range set by the applicable maximum and minimum rates.
(ii) There is no maximum rate limitation
applicable to bids for capacity release for a term of one (1) year or
less, if the release is to take effect on or before one (1) year from the
date on which Natural is notified of the release.