Mississippi River Transmission Corp.
Third Revised Volume No. 1
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Effective Date: 05/01/1994, Docket: RP93- 4-017, Status: Effective
First Revised Sheet No. 162 First Revised Sheet No. 162 : Superseded
Superseding: Original Sheet No. 162
GENERAL TERMS AND CONDITIONS
14. CAPACITY RELEASE
(a) The term "Approved Bidder" shall mean any Potential
Bidder that has met MRT's credit criteria as set forth in Section
5.4 of these General Terms and Conditions and has executed a
Master Capacity Release Agreement.
(b) The term "Best Bid" shall mean the Qualifying Bid of
the highest value that meets the objective and nondiscriminatory
economic standard set forth in the Releasing Customer's Release
Offer, or the economic standard set forth in Section 14.7 herein
if the Releasing Customer did not include such standard in its
Release Offer, and that meets all other terms and conditions of
the Release Offer.
(c) The term "Bid" shall mean an offer to take assignment
of capacity pursuant to a Release Offer subject to this Section.
(d) The term "Master Capacity Release Agreement" shall
mean the form of service agreement set forth in this tariff that
must be executed by a Potential Bidder that has met MRT's credit
criteria pursuant to Section 5.4 of these General Terms and
Conditions in order to contract for capacity offered for release.
(e) The term "Maximum Firm Transportation Charge" shall
mean MRT's maximum applicable tariff reservation rate(s)
applicable to the released capacity, plus all fees, surcharges,
transition, or other costs owed by the Releasing Customer to MRT.
(f) The term "Potential Bidder" shall mean any person or
entity who desires to place a bid for a Release Offer pursuant to
(g) The term "Pre-Arranged Release" shall mean the binding
agreement between a Releasing Customer and a Pre-Arranged
Replacement Customer pertaining to the release of firm capacity,
subject to this Section 14.