CNG Transmission Corporation

Second Revised Volume No. 1

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Effective Date: 01/05/1998, Docket: RP97-406-005, Status: Effective

Sub. Second Revised Sheet No. 367 Sub. Second Revised Sheet No. 367 : Superseded

Superseding: Substitute First Revised Sheet No. 367

GENERAL TERMS AND CONDITIONS

Capacity Release

 

recall provisions, must be objective,

nondiscriminatory, and applicable to all bidders.

1. Such conditions may include contract quantity,

duration and price; however, the Releasing

Customer is not required to specify a minimum

acceptable quantity, duration or price.

 

2. Releasing Customer cannot tie bidders to other

compensation, which is not related to the

release transaction.

 

3. Such conditions may not conflict with

Pipeline's Tariff, but may add provisions that

are specific to the release transaction.

 

D. Withdrawal of Offers or Bids. Releasing Customer

may withdraw its offer during the bid period, where

unanticipated circumstances justify and no minimum

bid has been made. Offers are binding until

written or electronic notice of withdrawal is

received by Pipeline. Bids are binding until

written or electronic notice of withdrawal is

received by Pipeline; provided, however, that bids

cannot be withdrawn after the bid period ends.

After such a withdrawal, the bidder may not

subsequently submit a lower bid for the same posted

offer of released capacity.

 

E. Exemptions from Bidding Procedure.

1. Prearranged Deals. If a potential Replacement

Customer identified by Releasing Customer

prior to posting under this Section 23

("Designated Replacement Customer") agrees to

pay the maximum rate and to meet all other

terms and conditions proposed by the Releasing

Customer, the release is not subject to

bidding, but will be posted in accordance

with Section 23.3.E, below.

 

2. Releases For Less Than 31 Days. Releases of

less than 31 days are not required to be

posted for bidding. Unless otherwise exempt

under Section 23.2.E.1., above, such releases

may