Pine Needle LNG Company, LLC

Original Volume No. 1

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Effective Date: 02/22/2009, Docket: RP09-239-000, Status: Effective

Second Revised Sheet No. 71 Second Revised Sheet No. 71

Superseding: First Revised Sheet No. 71

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

 

20. CAPACITY RELEASE (Continued)

 

20.6 Releases that are Not Prearranged

 

Releases that are not prearranged are subject to prior notice and competitive bidding.

Pine Needle shall post the notice of release on its EBB. The notification shall

include the following information:

 

(a) The identity of the Releasing Customer unless Releasing Customer elects

otherwise.

 

(b) The term of the release.

 

(c) The existence of any conditions of release, objectively stated, including, but

not limited to, any recall and whether minimum term, rate, or volume conditions

apply. Any minimum term, rate, or volume conditions will be posted at the option

of the Releasing Customer.

 

(d) The rate schedule and specific quantity of capacity to be released.

 

(e) The maximum daily demand charge per Dt/d of vaporization quantity entitlement

applicable to the capacity to be released. For releases that become effective on

or after July 30, 2008, the maximum rate ceiling does not apply to such releases

provided the release is for a term of one year or less and the release is to take

effect on or before one year from the date on which the pipeline is notified of

the release.

 

(f) The start and end dates for the bidding period.

 

(g) The objective criteria for selecting the best bid.

 

(h) The date and time of the offer posting.

 

(i) Whether contingent bids are permitted and, if so, the length of time during which

the contingent bidder(s) will be allowed to accept or decline the capacity

without condition.

 

(j) Any tie-breaking methodologies.

 

The terms of the winning bid shall be posted by Pine Needle in accordance with Section

20.2(d).