Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 05/01/2000, Docket: RP00-272-000, Status: Effective

Third Revised Sheet No. 109 Third Revised Sheet No. 109 : Effective

Superseding: Second Revised Sheet No. 109

GENERAL TERMS AND CONDITIONS

 

 

19.6 Offer and Bid Procedures:

 

(a) Offer of Firm Capacity: A Shipper desiring to

release firm capacity pursuant to Section 19.3

shall post or have posted on Transporter's

Internet Web Site, in accordance with timelines in

Section 19.9 utilizing the Form of Capacity

Release, a complete offer of firm capacity (herein

called "Offer") except as provided otherwise in

subsection 19.3(d). Transporter shall date and

time stamp all Offers as they are received unless

the RELEASING SHIPPER specifies a time and date

for its Offer to be posted. In such event,

Transporter shall post the Offer at the time

specified by the RELEASING SHIPPER, provided that

such time does not conflict with the deadlines set

forth in Section 19.9. The RELEASING SHIPPER

agrees that its posted Offer specifically is

subject to the following conditions:

 

(i) In the event two or more RELEASING SHIPPERs

wish to combine Offers of capacity into one

Offer, the capacity must be released for the

same term and under the same conditions, and

each RELEASING SHIPPER, prior to the posting

of such an Offer, must notify Transporter in

writing or through Transporter's Interactive

Internet Website of the appointment of the

same agent for purposes of submitting a joint

Offer.

 

(ii) Once a RELEASING SHIPPER's Offer is posted,

it is considered binding and it may not be

withdrawn by the RELEASING SHIPPER during the

term of the posting period except where

unanticipated circumstances justify the

withdrawal of the Offer and no minimum bid

has been posted.