Total Peaking Services, L. L. C.

Original Volume No. 1

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Effective Date: 11/01/2010, Docket: RP10-1259-000, Status: Effective

Third Revised Sheet No. 85 Third Revised Sheet No. 85

Superseding: Second Revised Sheet No. 85

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

23. CAPACITY RELEASE (Continued)

 

23.2 Posting and Bidding Timeline.

(a) General. For the Capacity Release business process timing

model, only the following methodologies shall be

supported by Total Peaking and provided to Releasing Customers

as choices from which they may select and, once chosen, shall

be used in determining the awards from the bid(s) submitted.

They are: 1) highest rated, 2) net revenue, and 3) present

value. Other choices of bid evaluation methodology (including

other Releasing Customer defined evaluation methodologies) can

be accorded similar timeline evaluation treatment at Total

Peaking's discretion. However, Total Peaking is not required

to offer other choices or similar timeline evaluation treatment

for other choices, nor, is Total Peaking held to the timeline

should the Releasing Customers elect another method of

evaluation. The Capacity Release timeline is applicable to all

parties involved in the Capacity Release process; however, it

is, only applicable if (i) all information provided by the

parties to the transaction is valid and the Replacement

Customer has been determined to be credit worthy before the

capacity release bid is tendered and (ii) there are no

special terms or conditions of the release. Total Peaking

will comply with the Capacity Release timeline established by

the North American Energy Standards Board as follows:

 

(b) NAESB Standard Timeline. NAESB Standard 5.3.1 states:

The Capacity Release timeline is applicable to all parties

involved in the Capacity Release process; however, it is

only applicable if 1) all information provided by the

parties to the transaction is valid and the acquiring

shipper has been determined to be creditworthy before the

capacity release bid is tendered and 2) there are no special

terms or conditions of the release.

 

(c) Bidding Periods. For releases, NAESB Standard 5.3.2

provides the following Bidding Periods:

For biddable releases (1 year or less):

- offers should be tendered by 12:00 P.M. on a Business Day;

- open season ends no later than 1:00 P.M. on a Business Day

evaluation period begins at 1:00 P.M. during which

contingency is eliminated, determination of best bid is

made, and ties are broken);