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
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
(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
(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
(j) Any tie-breaking methodologies.
The terms of the winning bid shall be posted by Pine Needle in accordance with Section