Maritimes & Northeast Pipeline, L.L.C.

First Revised Volume No. 1

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Effective Date: 06/22/2007, Docket: RP07-461-000, Status: Effective

First Revised Sheet No. 226 First Revised Sheet No. 226 : Effective

Superseding: Original Sheet No. 226

GENERAL TERMS AND CONDITIONS

(continued)

 

4. ALLOCATION OF CAPACITY ENTITLEMENTS

 

4.1 Pipeline will allocate pipeline capacity in accordance with

the terms and conditions set forth in Sections 4.1 and 4.2 of

the GT&C.

 

(a) Pipeline capacity that is or becomes available from time

to time not as a result of an expansion or extension

under Section 4.1(b) of the GT&C, will be allocated on a

first-come, first-served basis, which will be determined

by Request Date. If there are two or more Requests with

the same Request Date, any available pipeline capacity

will be pro rated between or among such Requests. For

pipeline capacity allocation purposes, pro rated means

to allocate capacity to a potential customer based on

the net present value, based upon a discount rate equal

to the rate, as of the date of the review, stated in

accordance with Section 154.501(d) of the Commission's

regulations. To the extent Pipeline has available

unsubscribed capacity for which there are no pending

Requests, Pipeline reserves the right to, but shall not

be obligated to, reserve such capacity for future open

seasons that are to be held within the next six (6)

Months.

 

(b) All Customers and potential customers are put on notice

that Pipeline may, but is not required to, from time to

time, in addition to constructing facilities under GT&C

Section 17, conduct periodic open seasons for the

purpose of evaluating market interest to expand and/or

extend Pipeline's transportation system. If Pipeline

does conduct an open season, any additional pipeline

capacity made available by such expansion and/or

extension will be allocated under the terms and

conditions of such open season. However, any potential

customer which has submitted a Request which meets the

requirements of Section 3 of the GT&C will be informed

in writing of any such open season and will have the

opportunity to participate in such open season. If any

such potential customer in Pipeline's service queue is

informed of an open season and elects to not participate

in the open season, such potential customer's Request

will remain in Pipeline service queue but such potential

customer will have no right to any firm pipeline

capacity and/or receipt or delivery point capacity made

available as a result of such open season. If Pipeline

conducts an open season for pipeline capacity associated

with the facilities of Maritimes & Northeast Limited

Partnership or any other upstream