Total Peaking Services, L. L. C.
Original Volume No. 1
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Effective Date: 04/01/1998, Docket: CP96-339-001, Status: Effective
Original Sheet No. 87 Original Sheet No. 87 : Effective
GENERAL TERMS AND CONDITIONS
(Continued)
23. CAPACITY RELEASE (Continued)
23.5 Bidding and Selection of Replacement Customer. (Continued)
provisions of this section and determine the best bid by
3:00 p.m. on the day before nominations are due. Total
Peaking shall notify Releasing Customer, the best bidder,
and any pre-arranged designated Replacement Customer of
such determination by 4:00 p.m. on the day before
nominations are due. Upon such notice by the prearranged
designated Replacement Customer, or expiration of the
period during which it may match the best bid (or, if not
applicable, the notice required at the close of the bid
period shall suffice), the chosen Replacement Customer then
shall execute promptly a service agreement pursuant to the
applicable rate schedule covering the released capacity for
the period of the release. To expedite the implementation
and utilization of released capacity, Releasing Customer
may require bidders, or bidder may do so on its own accord,
to submit with its bid duplicate originals, executed on
behalf of the prospective Replacement Customer, of a
service agreement (Total Peaking will make such documents
available to any bidders which so request) with express
consent and approval for Total Peaking, if that bidder is
selected as the Replacement Customer, to prepare and deem
effective the applicable exhibits to said service agreement
to incorporate the terms of the bid and release, and
thereby legally bind Replacement Customer upon execution by
Total Peaking alone. Following implementation of the
release, Total Peaking shall post notice on its TBB of the
winning bidder.
23.6 Best Bid. When Total Peaking makes awards of capacity for which
there have been multiple bids meeting minimum conditions, Total
Peaking shall award the bids, best bid first, until all offered
Daily Liquefaction Volume, Daily Withdrawal Volume or Storage
Capacity is awarded. Total Peaking shall evaluate and determine
the best bid among those otherwise consistent with any terms and
conditions specified by the Releasing Customer as follows: