Transcolorado Gas Transmission Company LLC

Second Revised Volume No. 1

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Effective Date: 12/28/2007, Docket: RP08-167-000, Status: Effective

Original Sheet No. 216 Original Sheet No. 216 : Effective

 

GENERAL TERMS AND CONDITIONS

 

6. CAPACITY RELEASE BY FIRM SHIPPERS

 

6.1 GENERAL

 

(a) Subject to the terms, conditions and limitations set forth

in this Section 6, a Shipper holding capacity rights under an Eligible Firm

Transportation Agreement shall have the right to release all or a portion of

such capacity rights and, if a capacity release is effectuated under this

Section 6, to receive a credit for reservation charge revenues received by

TransColorado from that other Shipper for such released capacity.

 

(b) The deadlines set forth in this Section 6 are applicable to

all parties involved in the capacity release process; however, they are only

applicable if all information provided by the parties to the transaction is

valid and the Replacement Shipper (or Subreplacement Shipper, if applicable)

has been determined to be creditworthy before the Qualified Bid is tendered,

and there are no special terms or conditions of the release.

 

(c) Following is a summary of the capacity release process and

deadlines set forth in greater detail in the remainder of this Section 6:

 

(i) For biddable releases (less than one (1) year):

 

(1) The offer should be tendered by 12:00 p.m. CCT

on a Business Day.

 

(2) The open season ends no later than 1:00 p.m. CCT

on a Business Day (evaluation period begins at 1:00 p.m. CCT during which

contingency is eliminated, determination of best bid is made, and ties are

broken);

 

(3) Evaluation period ends and award posting if no

match required at 2:00 p.m. CCT;

 

(4) Match or award is communicated by 2:00 p.m. CCT;

 

(5) Match response by 2:30 p.m. CCT;