Norteño Pipeline Company

First Revised Volume No. 1

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Effective Date: 04/01/1996, Docket: CP96- 81-007, Status: Effective

Original Sheet No. 157 Original Sheet No. 157 : Superseded

 

 

RATE SCHEDULE RCS

FIRM TRANSPORTATION SERVICE - RELEASED CAPACITY

(continued)

 

(e) whether the capacity is subject to recall by the

Releasing Shipper, and the terms under which the

capacity may be recalled;

 

(f) the maximum and minimum rates at which the

Releasing Shipper is willing to accept a bid for

the Released Capacity;

 

(g) the objective criteria under which the bids for

the Released Capacity will be evaluated; and

 

(h) any other applicable conditions of the release,

including whether the Bidding Shipper must comply

with the Releasing Shipper's creditworthiness

requirements in addition to Norte¤o's.

 

A Releasing Shipper must specify in its Capacity

Release Notice any minimum requirements that a bid

must meet to be accepted. Once a valid bid is

submitted that satisfies those minimum conditions,

if any, the Releasing Shipper may only withdraw

its offer to release capacity where it has an

unanticipated need for the capacity. However, so

long as no valid bid has been submitted that meets

its minimum conditions a Releasing Shipper may

withdraw its offer to release capacity submitted

under the terms of this Rate Schedule at any time

prior to the expiration of the posting period as

defined in Section 6 of this Rate Schedule. A

Releasing Shipper is not obligated to accept any

bid that does not meet the minimum requirements of

its Capacity Release Notice. A Releasing Shipper

may retain the right to recall its capacity under

the terms of its Capacity Release Notice.