GENERAL TERMS AND CONDITIONS OF SERVICE
(Continued)
19. CAPACITY RELEASE
19.2 Types of Release
A Releasing Shipper may release a Parcel for a term (Release Term)
up to or equivalent to the remaining term under its service
agreement with NBP. No rate cap applies to releases of capacity
for a period of one year or less only when the release is to take
effect on or before one year from the date on which the pipeline
is notified of the release. Types of releases include:
NON-PREARRANGED - BIDDING REQUIRED
Capacity releases that are not prearranged require bidding.
PREARRANGED RELEASES - BIDDING REQUIRED
(1) Unless capacity is released pursuant to either an asset
management agreement or a state-approved retail access
program, releases with terms greater than thirty-one (31)
days and up to one year require bidding. This type of
release allows a right of first refusal for the prearranged
bidder. Bidding is pursuant to the methodology selected by
the Releasing Shipper.
(2) Unless capacity is released pursuant to either an asset
management agreement or a state-approved retail access
program, releases with terms greater than one year at a rate
that is less than the maximum applicable tariff rate require
bidding up to the maximum applicable tariff rate. This type
of release allows a right of first refusal for the
prearranged bidder. Bidding is pursuant to the methodology
selected by the Releasing Shipper.
PREARRANGED RELEASES - BIDDING NOT REQUIRED
(1) Releases for any period of thirty-one (31) days or less do
not require bidding. Unless capacity is released pursuant to
either an asset management agreement or a state-approved
retail access program, a firm shipper may not roll over,
extend, or in any way continue the release to the same
replacement shipper using the 31 days or less bidding
exemption until 28 days after the first release period has
ended. The 28-day hiatus does not apply to any re-release to
the same replacement shipper that is posted for bidding or
that qualifies for any of the other exemptions from bidding
set forth herein.
(continued)
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Issued by: John A Roscher, Director of Rates & Regulatory Affairs
Issued on: January 9, 2009 Effective on: July 30, 2008
Filed to comply with order of the Federal Energy Regulatory Commission, Docket
No. RM08-1, et al., issued June 19, 2008, 23 FERC ¶ 61,286 |