CNG Transmission Corporation

Second Revised Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-181-002, Status: Effective

First Revised Sheet No. 370 First Revised Sheet No. 370 : Superseded

Superseding: Substitute Original Sheet No. 370

 

GENERAL TERMS AND CONDITIONS

Capacity Release

 

12. Whether the Releasing Customer will entertain

contingent bids, and if so, (a) the time period

during which each contingent bidder must clear

its contingency, and (b) whether, and for what

time period, the next-highest bidder will be

utilizing the subject capacity, or if no winning

bidder is currently utilizing the subject

capacity, then to the bidder who submitted its

winning bid first in time; provided that if a

Designated Replacement Customer submits a

"winning bid," then Pipeline must contract with

such Designated Replacement Customer.

 

13. Any other conditions applicable to the release.

a. If a release includes the aggregation of

capacity on other pipelines in addition to

Pipeline, the maximum rate to be charged for

such aggregated capacity (by all parties) to

Replacement Customer may not exceed the sum

of the maximum rates applicable to each

affected pipeline's service. Releasing

Customer is responsible for posting such

aggregate releases on the bulletin board of

each pipeline upon which capacity is

released.

b. With the consent of the affected Releasing

Customers, Pipeline may combine releases

posted by several Releasing Customers into

one replacement contract to improve

marketability.

 

G. Within the posted bid period, a bidder seeking

capacity at terms that meet or exceed the minimum

terms of the release must post its complete bid on

Pipeline's EBB.

 

1. Such bids must be in the most current form of Bid

Agreement, as posted on Pipeline's EBB, which

when executed by Pipeline will constitute a

binding contract.

2. The name of the bidder will not be revealed on

Pipeline's EBB unless the bidder submits a

winning bid.