Mississippi River Transmission Corp.
Third Revised Volume No. 1
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Effective Date: 05/01/1997, Docket: RP97- 73-002, Status: Effective
Second Revised Sheet No. 165 Second Revised Sheet No. 165 : Superseded
Superseding: First Revised Sheet No. 165
GENERAL TERMS AND CONDITIONS
14. CAPACITY RELEASE (Continued)
(iv) The minimum and the maximum price for the released
capacity (stated in either dollars and cents or as a percentage
of MRT s Maximum Firm Transportation Charge). Such rates shall
be no less than MRT's minimum applicable tariff reservation
rate(s) applicable to the released capacity and shall not be
greater than the Maximum Firm Transportation Charge which may
be stated as a one-part rate no greater than the one hundred
percent (100%) load factor equivalent of MRT's Maximum Firm
Transportation Charge. MRT will support volumetric releases
with volumetric commitments by fully accounting for volumetric
and reservation components, consistent with the rules and
regulations enunciated by the Commission.
(v) The name of any Pre-Arranged Replacement Customer,
if the Releasing Customer has already found a willing purchaser
for its capacity.
(vi) An objective and nondiscriminatory economic
standard for determining the Winning Bid. The capacity release
schedule set forth in Section 14.4 below shall not apply unless
the Releasing Customer selects one of the following economic
standards: Highest Rate, Net Revenue, or Present Value. If the
Releasing Customer fails to specify an economic standard, then
capacity will be awarded pursuant to Section 14.7(c).
(vii) Whether the Releasing Customer will accept any
Qualifying Bids with contingencies and the exact conditions
that must be met for the acceptance of such contingent
(viii) An objective, nondiscriminatory procedure to
select the Winning Bid if more than one Qualifying Bid for the
Release Offer is determined to be the Best Bid.
(ix) Any and all other objective, nondiscriminatory
terms and conditions of the Release Offer.
(x) Basis for released quantity should be per day for
transportation, storage injection, storage withdrawal, and a
per-release quantity for storage capacity and total release