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Second Revised Sheet No. 165 Second Revised Sheet No. 165 : Superseded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

(Continued)

 

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

Qualifying Bids.

 

(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

period quantity.