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Original Sheet No. 167B Original Sheet No. 167B : Superseded
GENERAL TERMS AND CONDITIONS
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
(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
(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.