GENERAL TERMS AND CONDITIONS

(continued)


 


 

11.4 Posting Requirements for Capacity Releases Not Subject to Bidding.

For proposed capacity releases of a duration of thirty-one (31) Gas

Days or less for which the Releasing Shipper has obtained a

Prearranged Shipper and the Releasing Shipper elects not to post such

capacity releases pursuant to GT&Cs Section 11.3(a)(1), such

information will be posted on the Pipeline's Internet Web Site as

required by GT&Cs Section 11.3(a)(1). Contractual arrangements for

releases not subject to bidding shall be processed in the same time

period as those releases subject to bidding.


 

11.5 Allocation of Released Capacity.


 

(a) Pipeline shall select the Best Bid as defined in GT&Cs

Section 11.5(d) from among the bids received. However,

if more than one bidder submits the Best Bid, the first

bidder in time, shall be selected and posted as the Best

Bid, unless the Releasing Shipper specifies another tie-

breaking methodology in the Releasing Shipper's Notice.

Notwithstanding the foregoing, if a Prearranged Shipper

matches the highest bid, that Prearranged Shipper's bid

shall be deemed the Best Bid. Pipeline may reject any

bid that is less than the maximum rate.


 

(b) In the event a contingent bid is submitted pursuant to

GT&Cs Section 11.2(l), the Replacement or Prearranged

Shipper submitting the contingent bid shall have one

hour from 2:00 p.m. CCT to 3:00 p.m. CCT on the day the

Bid Period ends to eliminate the contingency or withdraw

its bid. If the Replacement or Prearranged Shipper

fails to notify Pipeline that the contingency is not

eliminated within such time, such contingent bid shall

be deemed rejected by Pipeline for failure to eliminate

the contingency in accordance with the releasing

Shipper's Notice.