Carnegie Interstate Pipeline Company
Original Volume No. 1
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Effective Date: 10/01/2000, Docket: RP00-544-001, Status: Effective
Second Revised Sheet No. 87 Second Revised Sheet No. 87 : Effective
Superseding: Sub First Revised Sheet No. 87
GENERAL TERMS AND CONDITIONS
before award for long term releases. The posting of a
pre-arranged deal that is not subject to bid must be
made by 9:00 a.m. Central Clock Time on the day of
(c) After posting of the offer, there will be an
open season during which CIPCO will receive open bids
for the released capacity. The open season will end no
later than 2:00 p.m. Central Clock Time on the day
before nominations are due. At the close of the open
season, CIPCO will evaluate the bids and will determine
which bid constitutes the best offer by 3:00 p.m.
Central Clock Time. CIPCO will communicate the match or
award by 3:00 p.m. Central Clock Time; match response
must be received by CIPCO by 4:00 p.m. Central Clock
Time. CIPCO will post awards by 5:00 p.m. A contract
will be tendered, with contract number, by 10:00 a.m.
Central Clock Time on the day nominations are due.
There will be no extensions of the original bid, or the
prearranged deal match, without posting a new release.
(d) Notwithstanding any other provision of this
Section 10.6 to the contrary, the maximum rate ceiling
does not apply to capacity release transactions of less
than one year until September 30, 2002.
10.7 Exit fees
In the event a Releasing Shipper submits a Notice Of
Intent To Release Capacity and such capacity is not acquired
by an Acquiring Shipper, the Service Agreement of the
Releasing Shipper shall remain in full force and effect for
the remaining term of such Service Agreement and such
Releasing Shipper shall remain liable for all charges
specified therein; provided however, any such Releasing
Shipper shall have the right to reduce or terminate, in whole
or in part, such Releasing Shipper's entitlement to firm
capacity under such Service Agreement upon payment to CIPCO
of a negotiated exit fee.
10.8 Capacity release exempt from posting and bidding requirements
Notwithstanding any other provision of this Section 10
to the contrary, the only capacity releases exempt from
posting and bidding requirements are: (a) new capacity
release transactions with a contract term length of 31 days
or less; and (b) capacity releases with a term length of one
year or more that are at the maximum tariff rate.