Midcoast Interstate Transmission, Inc.

Second Revised Volume No. 1

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Effective Date: 03/27/2000, Docket: RP00-493-001, Status: Effective

Sub Fourth Revised Sheet No. 92 Sub Fourth Revised Sheet No. 92 : Effective

Superseding: Third Revised Sheet No. 92

GENERAL TERMS AND CONDITIONS (continued)

 

the Releasing Shipper agrees to remain directly

liable for all rates, charges and surcharges

associated with the released capacity.

 

ii) Releases made pursuant to this Section 3.10(a)

may not be rolled-over, renewed or otherwise

extended beyond the term described in Section

3.10(a)(i)(aa), unless the Replacement Shipper

agrees to pay the applicable maximum rate and

meets all other terms and conditions of the

release request, or the Releasing Shipper

follows the prior posting and bidding procedures

set forth herein; provided that the Releasing

Shipper may use this Section 3.10 to release the

capacity again to the same Replacement Shipper

commencing twenty-eight (28) days from the end of

the original release.

 

iii) Releasing Shipper shall post the terms of a

release under this Section 3.10(a) on

Transporter's EBB and/or Internet Web site system no

later than forty-eight (48) hours after the

commencement of the release transaction.

 

(b) Maximum Rate Prearranged Bidder

 

i) Competitive bidding for released capacity will

not be required if the release is a permanent release

or if the term of the release is for one (1) year

or more, and if:

aa) a "Prearranged Replacement Shipper" has

agreed to pay Transporter's maximum

applicable rates and agrees to all of the

other terms and conditions of the release as

specified by the Releasing Shipper;

bb) the Releasing Shipper provides Transporter

with the information specified in Section

3.8(a), (b), (c), (d), (e), (f), (g) (h),

(i), (k) and (n) with respect to the

particular release; and

cc) in the instance of a temporary release,

prior to the commencement of service:

(y) if the Releasing Shipper elects, the

Releasing Shipper, the Prearranged

Replacement Shipper and Transporter enter

into a three-party contract for the released