Portland General Electric Company

Original Volume No. 1

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Effective Date: 12/03/2003, Docket: RP04- 48-000, Status: Effective

Original Sheet No. 93 Original Sheet No. 93 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

20. CAPACITY RELEASE

20.1 Definitions. For the purposes of this Section 20, the following

definitions will apply to Capacity Releases.

(a) Releasing Shipper: A firm Shipper or Replacement Shipper

under an executed Service Agreement subject to Part 284 of the

Commission's regulations who intends to have Transporter post to

the EBB and/or Designated Site all or any portion of its firm

service to be released to a Replacement Shipper, or to a

Prearranged Replacement Shipper through a prearranged capacity

release transaction, or which has released its firm service.

(b) Replacement Shipper: A Shipper which has contracted for

service with Transporter subject to Part 284 of the Commission's

regulations to utilize a Releasing Shipper's released firm

service for a specified period of time. Replacement Shippers

must meet all of the terms and conditions of Transporter's tariff

as required of any other Shipper.

(c) Potential Replacement Shipper: A Shipper which desires to

acquire released firm capacity.

(d) Prearranged Replacement Shipper: A party who desires to

contract directly for or who has contracted directly for capacity

which is subject to Part 284 of the Commission's regulations and

who has agreed to the terms of a capacity release transaction

directly with a Releasing Shipper, which terms are posted to the

EBB and/or Designated Site. Prearranged Replacement Shippers

must meet all of the terms and conditions of Transporter's tariff

as required of any other Shipper.

(e) Bidder: A party submitting a bid(s) to Transporter's EBB

and/or Designated Site for released capacity.

(f) Open Bidding: Full disclosure of the bid(s) submitted to

the EBB and/or Designated Site, excluding the bidder(s) name.

(g) The Economic Value of a bid: The total net present value

of the reservation charge bid for the release of

transportation capacity. The net present value shall be computed

from the monthly demand and capacity, or reservation revenues to

be received over the term of the release contract, using the

discounted cash flow rate of return methodology, with the rate of

discounting to be published on Transporter's EBB and/or

Designated Site, as amended from time to time. Pursuant to NAESB