Second Revised Volume No. 1
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Effective Date: 06/13/2008, Docket: RP08-376-000, Status: Effective
Original Sheet No. 85 Original Sheet No. 85 TRANSPORTATION GENERAL TERMS AND CONDITIONS (Continued) (4) The specific description of the capacity rights to be releasedwith the released capacity expressed as a numeric quantity at specific receiptand delivery points. The basis for released quantity should be per day fortransportation and total release period quantity. The description shouldspecify the priority between Releasing and Replacement Shipper to be utilizedfor scheduling authorized overrun nominations along transportation pathsegments. (5) The Term Sheet which must contain objective and non-discriminatorystandards. (6) Any Prearranged Shipper proposed to obtain release capacityunder the rates, terms and conditions contained in the Releasing Shipper'sNotice and Term sheet. (7) For purposes of bidding and awarding, maximum/minimum ratesspecified by the releasing shipper should include the tariff reservation rateand all demand surcharges, as a total number or as stated separately. Theminimum reservation charge if any or if the Releasing Shipper so chooses, theminimum reservation charge stated on a percentage basis of the maximum rate, orfor a release on a volumetric basis the volumetric commitments. For biddingpurposes the number of decimal places for offers, bids and awards should beequal to the number of decimal places in the stated rates per MIGC's applicablerate schedule. Converting a daily rate to monthly rate is accomplished bymultiplying the daily rate times the number of days in the rate period;dividing the result by the number of months in the rate period; and taking theremainder out to 5 decimal places and rounding up or down to MIGC's specifieddecimal place. Converting a monthly rate to a daily rate is accomplished bymultiplying the monthly rate times the number of months in the rate period;dividing the result by the number of days in the rate period; and taking theremainder out to 5 decimal places and rounding up or down to MIGC's specifieddecimal place. Furthermore, all tariff rates shall be adjusted to reflect astandard calculation of daily and monthly rates. (8) Releasing shipper may choose a "best bid" evaluation method statedin Section 17.5. If customer states an alternative bid evaluation method, MIGCwill not be held to the bid period timeline in Section 17.1. (9) If Releasing Shipper does not desire immediate posting of Releas-ing Shipper's notice or bids received, Releasing Shipper shall provide theposting date and time insofar as it comports with the standard timeline setforth in 17.1.