Texas Eastern Transmission Corporation

Sixth Revised Volume No. 1

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Effective Date: 05/01/2001, Docket: RP01-291-000, Status: Effective

Third Revised Sheet No. 464A Third Revised Sheet No. 464A : Effective

Superseding: Second Revised Sheet No. 464A

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

Matching Period of forty-five (45) minutes from 3:15 pm CT to 4:00 pm CT

on the day the Bid Period ends, or such later time as permitted by

Customer's Notice, to determine whether to match the "best bid" and to

notify Pipeline of its decision. Pipeline will post award and finalize

all contractual arrangements by 5:00 pm CT on the day the Matching Period

ends, or if no Matching Period, on the day the Bid Period ends or such

later time as permitted by Customer's Notice. Nominations for gas flow

for the next gas day may be submitted upon finalization of all contractual

arrangements, and such nominations will be processed in accordance with

the nomination and scheduling requirements of Section 4 of the General

Terms and Conditions; however, in no circumstance will gas flow prior to

the effective date of the release as specified in Customer's Notice.

 

(3) Timeline for non-standard releases

 

If Customer specifies a bid evaluation methodology other than those stated

in Section 3.14(F) or any special terms or conditions, the above timelines

shall apply; provided, however, one additional business day will be added

to the evaluation period. Subsequent deadlines will be delayed by such

additional business day, causing gas flow to occur at least one day later

than under the standard timelines set forth in Sections 3.14(B)(1) and

3.14(B)(2).

 

(C) Releases Not Subject to Bidding

 

For proposed capacity releases of a duration of thirty-one (31) days or less for

which Customer has obtained a Prearranged Customer and Customer elects not to

post such proposed capacity releases for bidding pursuant to Section 3.14(B), or

for proposed capacity releases of any duration for which Customer has obtained a

Prearranged Customer and the Prearranged Customer is paying the maximum rate and

all other terms and conditions of the release are met, Customer shall notify

Pipeline by providing the information pursuant to Section 3.14(D)(1), which

information will be posted by 9:00 am CT on the day nominations are due on the

LINK® System and by electronic data interchange as required by Section

3.14(D)(2); provided, however, through September 30, 2002, or any later date

established by the Commission, any proposed capacity release transaction with a

duration greater than thirty-one (31) days and less than one (1) year must be

posted for bidding regardless of the proposed rate. Pipeline will finalize all

contractual arrangements and tender contract with contract number by 10:00 am CT

on the day nominations are due. The Prearranged Customer must initiate

confirmation of prearranged deals electronically. Nominations for the next gas

day may be submitted upon the finalization of all contractual arrangements, and

such nominations will be processed in accordance with the nomination and

scheduling requirements of Section 4 of the General Terms and Conditions;

however, in no circumstance will gas flow prior