Tariff

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TWP Pipeline LLC
FERC GAS TARIFF
SECOND REVISED VOLUME NO. 1

SECTION 7.22
CAPACITY RELEASE
VERSION 3.0.0

GENERAL TERMS AND CONDITIONS

 
    
                10. The identity of a Prearranged Replacement Shipper 
                    ("PRS"), if applicable;
				    
                11. The minimum rate, including the tariff reservation rate 
                    and all demand surcharges as a total number or as stated 
                    separately, expressed in dollars and cents or percentage 
                    of maximum Tariff rate, term, and quantity of capacity 
                    Releasing Shipper will accept, if any, and whether bids 
                    using a volumetric rate for the collection of Reservation 
                    Charges will be accepted and whether Releasing Shipper 
                    requires a volumetric commitment.  The maximum volumetric 
                    rate that may be bid shall not exceed the one hundred 
                    percent (100%) load factor equivalent of the maximum rate, 
                    unless the Commission by rule or order allows a higher 
                    rate, which reservation rate equals the AOS rate for the 
                    applicable service being released as set forth on the 
                    effective rate tariff sheets.  Transporter shall support 
                    volumetric releases with volumetric commitments by fully 
                    accounting for volumetric and reservation components, 
                    consistent with the rules and regulations enunciated by 
                    the Commission.  The maximum reservation rate that may 
                    be bid shall not exceed the maximum rate for the applicable 
                    service being released as set forth on the applicable 
                    currently effective Tariff sheets.
    
                12. Releasing Shipper shall post the Shipper Notice on 
                    Transporter's Website.  Offers should be binding until 
                    electronic notice of withdrawal is received 
                    by Transporter.  The releasing party has the right to 
                    withdraw its offer during the bid period, where unanticipated 
                    circumstances justify and no minimum bid has been made.
    
                13. When a Releasing Shipper presents a PRS that is on the 
                    approved bidders list, such Replacement Shipper initiates 
                    confirmations of prearranged deals electronically as a 
                    prerequisite to the awarding of the Shipper Notice.
                    
                14. The terms Releasing Shipper imposes may not conflict 
                    with any provision of the FT Agreement, Rate Schedule 
                    or GT&C.  In the event of such conflict, Transporter 
                    may withdraw the Shipper Notice from posting.
    
        7.22.3. Exceptions to Bidding
    
                1.  At Shipper's option, a Shipper Notice for a release of 
                    thirty-one (31) days or less with a designated PRS shall not 
                    be subject to the bidding process in accordance with this 
                    section.  An exempt capacity release shall not contain an 
                    evergreen provision and cannot be reassigned to the same 
                    PRS within twenty-eight (28) days from the termination of 
                    each release, except in the event the PRS is bidding the 
                    Maximum Rate or is bidding on a second release under a 
                    different FT Agreement.

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