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

(Continued)

 

10.6 (Continued)

 

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

nominations.

 

(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.