Millennium Pipeline Company, L. L. C.

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-320-000, Status: Effective

First Revised Sheet No. 185 First Revised Sheet No. 185

Superseding: Original Sheet No. 185





(c) For (1) capacity release transactions of more than one (1) year

where Releasor has posted a prepackaged arrangement at less than the maximum

rate or (2) prepackaged arrangements for 31 days or less for which the

Releasor requests competitive bidding), the designated Replacement Shipper

under that arrangement will be awarded the capacity if, within the time

limits specified in Section 14.3(h) immediately above, that designated

Replacement Shipper matches the competing bid(s) offering the highest

economic value, as calculated in accordance with the bid evaluation

criteria set forth in Section 14.1(c) or in the Release Notice.


(d) Where highest bids of equal value are received for released

capacity from more than one bidder, not including a designated Replacement

Shipper under a prepackaged arrangement, the capacity (i) shall be assigned

in accordance with any nondiscriminatory method for breaking ties established

by Releasor in the Release Notice, or (ii) shall, if Releasor does not

establish a tie-breaking method, be assigned pro rata on the basis of the

respective quantities bid by the winning bidders. Bidders may specify in

their bids the minimum quantities they will accept. If a pro rata allocation

would result in assignment of quantities below a bidder's minimum quantity,

any such bidder will not be assigned the capacity, and the total quantity

available for assignment will then be re-allocated among the remaining

highest value bidders on a pro rata basis.


(e) Transporter will not award capacity release offers to the

Shipper until and unless the Shipper meets Transporter's creditworthiness

requirements applicable to all services that it receives from Transporter,

including the service represented by the capacity release.


(f) Transporter shall post on the EBB the winning bid and the

identity of the winning bidder(s) in accordance with the Capacity Release

timeline under Section 14(c) above.


14.5 Assignment Agreements.


(a) For all transactions pursuant to this Section 14, Transporter

shall electronically transmit an Assignment Agreement upon receipt of

Replacement Shipper's electronic confirmation reflecting the terms of the

Release Notice to Replacement Shipper in accordance with the Capacity Release

timeline under Section 14(c) above.