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. 230 Original Sheet No. 230 : Effective

 

GENERAL TERMS AND CONDITIONS

 

6. CAPACITY RELEASE BY FIRM SHIPPERS (Continued)

 

winning Qualified Bid(s) (or such later time as requested by the Releasing

Shipper in its Capacity Release Request). In the event of a timely match, then

the Prearranged Shipper shall be awarded the released capacity by 5:00 p.m.

CCT on that business day. To the extent that the Prearranged Shipper fails to

timely match (within the above time frame) the winning Qualified Bid(s) with a

higher Bid Value, then the Qualified Bidder(s) who made the winning Qualified

Bid shall be awarded the capacity by 5:00 p.m. CCT on the business day of

TransColorado's notice to the Prearranged Shipper.

 

(c) For any other Capacity Release Request, the capacity rights

shall be automatically awarded to the winning Qualified Bidder(s) when

TransColorado has identified the entity(s) to receive the released capacity

under this Section 6.

 

(d) A capacity release shall become effective, and nominations

for gas service utilizing the release capacity shall be accepted, at the

latest of the following times:

 

(i) The applicable nomination deadline set forth in

Section 8.2 of these General Terms and Conditions for the start of service

requested for such release in the Capacity Release Request;

or

 

(ii) The applicable nomination deadline set forth in

section 8.2 of these General Terms and Conditions on the day following the

capacity award.

 

(e) Gas nominations for transportation pursuant to released

capacity are subject to the provisions of Section 8 of these General Terms and

Conditions. Gas nominations by a Shipper utilizing released capacity awarded

by TransColorado shall constitute Shipper's binding acceptance of the terms

and conditions of the capacity award by TransColorado pursuant to this Section

6, including TransColorado's standard Form of Service Agreement covering the

Rate Schedule applicable to the released capacity and the terms and conditions

of the Qualified Bid and the Capacity Release Request, in accordance with

TransColorado's Tariff.

 

(f) Subject to the other provisions in this Section 6, in the

event that there is no Qualified Bidder or Prearranged Shipper for posted

Eligible Firm Transportation Agreement capacity during an open season, no

capacity release will be awarded and the Releasing Shipper shall retain the

capacity sought to be released.