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Original Sheet No. 167A Original Sheet No. 167A : Superseded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

(Continued)

 

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

Winning Bid.

 

(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

awarded.

 

(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).