Mississippi River Transmission Corp.
Third Revised Volume No. 1
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Effective Date: 05/01/1997, Docket: RP97- 73-002, Status: Effective
Original Sheet No. 167A Original Sheet No. 167A : Superseded
GENERAL TERMS AND CONDITIONS
14. CAPACITY RELEASE (Continued)
(iii) MRT will evaluate bids received during the bidding
period and, except as provided below, shall notify the Winning
Bidder by 3:00 p.m. CT on the same business day that the
Release Offer is posted. If the Release Offer provides for a
Pre-Arranged Replacement Customer to match the Winning Bid,
then the Pre-Arranged Replacement Customer will be notified of
the Winning Bid by 3:00 p.m. CT on the same business day. The
Pre-Arranged Replacement Customer must notify MRT by 4:00 p.m.
CT on the same business day if it is willing to match the
(iv) MRT will post to its EBB no later than 5:00 p.m. CT
on the same business day that the Release Offer is posted the
name of the Winning Bidder to whom the Release Offer is
(v) MRT will tender to the Winning Bidder the necessary
Addendum to the Master Capacity Release Agreement for the
released capacity either by telecopy, mail, or electronically
no later than 10:00 a.m. CT on the next succeeding business day
after the close of the bidding period.
(c) Release Offers for any period of five (5) months or more
shall be posted for bid on MRT's EBB, the bids evaluated, and
capacity awarded in accordance with the following schedule:
(i) All Release Offers submitted to MRT for posting by
1:00 p.m. CT on any business day will be subject to the bidding
period set forth herein. Offers should be tendered by 1:00
p.m. CT not less than four (4) business days before the award.
All Release Offers submitted to MRT for posting after 1:00 p.m.
CT on any business day or on any weekend or holiday shall be
subject to the bidding period set forth in Section 14.4(c)(ii).