Maritimes & Northeast Pipeline, L.L.C.

First Revised Volume No. 1

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Effective Date: 01/01/2009, Docket: RP09-73-000, Status: Effective

Fourth Revised Sheet No. 251 Fourth Revised Sheet No. 251

Superseding: Third Revised Sheet No. 251

 

GENERAL TERMS AND CONDITIONS

(continued)

 

9. CAPACITY RELEASE (continued)

 

(1) Short Term. For short term releases of one (1)

year or less,

- offers shall be tendered by 12:00 p.m. CT on a

Business Day.

- The Bid Period shall end at 1:00 p.m. CT on the

same Business Day or at 1:00 p.m. CT on any

subsequent Business Day as specified in

Releasing Customer's Notice, whichever is

elected by Releasing Customer.

- The evaluation period begins at 1:00 p.m. CT on

the day the Bid Period ends, during which any

contingency is eliminated, the determination of

the best bid is made, and ties are broken.

- The evaluation period ends and award is posted

if no match is required at 2:00 p.m. CT on the

same day.

- The match or award is communicated by 2:00 p.m.

CT.

- If the Prearranged Customer's bid is not the

"best bid," Pipeline shall allow such

Prearranged Customer a Matching Period thirty

(30) minutes from 2:00 p.m. CT to 2:30 p.m. CT

on the day the Bid Period ends, to determine

whether to match the "best bid" and to notify

Pipeline of its decision.

- If a match is required, Pipeline will post the

award by 3:00 p.m. CT.

- Pipeline will issue a contract within one hour

of the award posting (with a new contract

number, when applicable).

 

Nominations for gas flow are possible beginning at

the next available nomination cycle for the

effective date of the contract. Such nominations

will be processed in accordance with the

nomination and scheduling requirements of Sections

5 and 6 of the General Terms and Conditions;

however, in no circumstances will gas flow prior

to the effective date of the release as specified

in Releasing Customer's Notice

 

(2) Long Term. For long term releases of more than

one (1) year,

- offers shall be tendered by 12:00 p.m. CT four

(4) Business Days before the award.

- The Bid Period shall end at 1:00 p.m. CT on the

Business Day before timely nominations are due

(open season is three Business Days) or at 1:00

p.m. CT on any subsequent Business Day as

specified in Releasing Customer's Notice,

whichever is elected by Releasing Customer.

- The evaluation period begins at 1:00 p.m. CT on

the day the Bid Period ends during which any

contingency is eliminated, the