Mississippi River Transmission Corp.

Third Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 05/01/1997, Docket: RP97- 73-002, Status: Effective

Original Sheet No. 167B Original Sheet No. 167B : Superseded

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

14. CAPACITY RELEASE (Continued)

 

(ii) Bids will be accepted commencing at posting of the

Release Offer and ending at 2:00 p.m. CT on the third

successive business day after the business day on which the

Release Offer is posted.

 

(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

bidding period closes. 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 that 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 bidding period closes 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.

 

(d) The Winning Bidder must submit an executed Addendum to

its Master Capacity Release Agreement the earlier of one (1) business

day after notice that it has been awarded the released capacity or

prior to or at the time it submits its nomination to utilize the

released capacity in order to become a Replacement Customer.