Pacific Gas Transmission Company

First Revised Volume No. 1-A

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Effective Date: 06/01/2001, Docket: RP01-400-000, Status: Effective

Fourth Revised Sheet No. 101 Fourth Revised Sheet No. 101 : Effective

Superseding: Third Revised Sheet No. 101

TRANSPORTATION GENERAL TERMS AND CONDITIONS(Continued)

28. CAPACITY RELEASE (Continued)

 

28.7 Allocation of Parcels

 

(a) Primary Allocation

 

Winning bids for Parcels shall be awarded based on

one of the following three options to be selected by

the Releasing Shipper when posting a Parcel:

 

Option 1 - Highest Rate Equivalent

 

Bids will be given priority based on the maximum rate

bid as represented by (1) a Replacement Shipper's bid

of the percentage of the maximum authorized

reservation charge or a volumetric equivalent of the

maximum reservation charge applicable to the Parcel

on a 100% load factor basis, or (2) a Replacement

Shipper's bid in terms of absolute dollars and cents

per Dth. Effective until September 30, 2002, or such

other date as the Commission shall determine, for

releases with a term less than one year,the percentage

rate bid by Replacement Shippers may be in excess of

100% of the maximum authorized reservation charge or

rate. A bid queue will be maintained for each

individual Parcel.

 

Option 2 - Present Value

 

Bids will be given priority based on the net present

value of the bid according to the following formula:

n

(1 + i) -1

Present Value per = P * R * _________

n

i (1 + i)

where: P = percent of the rate or charge that the

Replacement Shipper is willing to pay.

Effective until September 30, 2002, or such

other date as the Commission shall determine,

for releases with a term of less than one

year, the percentage rate bid by Replacement

Shippers may be in excess of 100% of the

maximum authorized reservation charge or

rate.