GENERAL TERMS AND CONDITIONS

(continued)


 


 

11.3 Posting Requirements and Bid Periods. The Capacity Release timeline

is applicable to all parties involved in the Capacity Release

process; however, it is only applicable if (1) all information

provided by the parties to the transaction is valid and the

Replacement Shipper has been determined to be creditworthy before

the capacity release bid is tendered and (2) there are no special

terms or conditions of the release. Any capacity release

transaction, including a prearranged offer, for longer than 31 days

must be posted for bidding pursuant to the requirements in this

Section 11.3 unless the transaction is at the maximum recourse rate

or higher negotiated rate. A capacity release transaction for 31

days or less may be posted for bidding pursuant to the requirements

in this Section 11.3. Any Releasing Shipper's completed Notice will

be posted on the Pipeline's Internet Web Site until the expiration

of the Bid Period, except for those Releasing Shippers' Notices for

capacity release for which the Releasing Shipper has obtained a

Prearranged Shipper agreeing to pay the maximum recourse rate or

higher Negotiated Rate. If Shipper elects to post a prearranged

deal, the information must be posted not later than forty-eight (48)

hours after the finalization of all contractual arrangements. All

terms and conditions of completed capacity release transactions will

be posted on the Pipeline's Internet Web Site, including the names

of the Releasing Shippers involved in the capacity release

transaction.


 

(a) Capacity Releases Subject to Bidding. The proposed

duration of the Shipper's release determines the minimum

Bid Period for the Releasing Shipper's Notice pursuant

to this Section 11. These Bid Periods are as follows: