TRANSPORTATION GENERAL TERMS AND CONDITIONS

(Continued)


 

Intraday 1 Cycle: For prearranged deals not subject to bid and posted by

9:00 A.M. (8:00 A.M. Mountain Clock Time), MIGC shall tender a contract

(with a new contract number, when applicable) to such Prearranged Shipper

by 10:00 A.M. Central Clock Time (9:00 A.M. Mountain clock Time) on the day

on which MIGC receives notification of the Prearranged Release.


 

Intraday 2 Cycle: For prearranged deals not subject to bid and posted by

4:00 P.M. (3:00 P.M. Mountain Clock Time), MIGC shall tender a contract

(with a new contract number, when applicable) to such Prearranged Shipper

by 5:00 P.M. Central Clock Time (4:00 P.M. Mountain clock Time) on the day

on which MIGC receives notification of the Prearranged Release.


 

For all of the cycles above under this section (c), the Prearranged

Shipper may initiate confirmation of the prearranged deals electronically

or by fax. For all non-biddable release cycles above, the Prearranged

Shipper may make nominations at the next available nomination cycle for

the effective date of the contract.


 

2. Notice Required by Releasing Shipper and Pipeline


 

(a) Releasing Shipper's Notice - A firm Shipper that wants to

release any or all of its capacity must submit to MIGC a Notice of Offer to

Release Capacity and Term Sheet. The Notice of Offer to Release Capacity and

Term Sheet must be received by MIGC no later than fifteen minutes prior to

the respective posting deadline as determined pursuant to Section 17.1.

Such Releasing Shipper's Notice shall provide the terms and conditions of

the release as follows:


 

(1) The period of time or term of the release; whether the

release is on a permanent or temporary basis.


 

(2) Reput methods and rights should be specified at the time

of the deal. Reput methods and rights are individually negotiated between

the releasing Shipper and the replacement Shipper.


 

(3) Any special terms or conditions of the release including

the business day the bid period will end if other than the pipeline's standard

timeline as set forth in 17.1. A releasing Shipper will not be able to

specify an extension of the original bid period or of the prearranged deal

match period without posting a new release.