Nautilus Pipeline Company, LLC

Original Volume No. 1

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Effective Date: 12/01/1997, Docket: RP97-446-001, Status: Effective

First Revised Sheet No. 189 First Revised Sheet No. 189 : Effective

Superseding: Original Sheet No. 189

GENERAL TERMS AND CONDITIONS

 

 

22. SHIPPERS' RELEASE OF FIRM CAPACITY con't

 

(ii) whether any of the Natural Gas to be

transported through the acquired

capacity is Natural Gas purchased

from or sold to an Affiliate of

Transporter and, if so, whether the

affiliated entity is selling the

Natural Gas at a loss and how much

the loss is per Dth;

 

(iii)the producing area of the source of

the Natural Gas to be transported;

 

(iv) the type of business of the ultimate

end-user of the Natural Gas.

 

(d) All bids shall be binding until written or

electronic notice of withdrawal is received by

Transporter.

 

A bidder may withdraw its bid on an offer at any

time prior to the end of the bid period, but any

subsequent bids submitted by the bidder on that

offer during the bid period must be equal to or

higher than the bidder's previous bid(s). Bids

cannot be withdrawn after the bid period ends.

 

22.9 Transporter's Review

 

(a) Upon receipt of all bids, Transporter shall

engage in an initial review to determine if a bid

will be deemed eligible for consideration as the

best bid. Any bid deemed ineligible pursuant to

this Section 22.9 shall be eliminated from

consideration. A bid shall be deemed ineligible

if:

 

(1) the bid (or bidder) does not comply with

all of the terms and conditions and

deadlines of this Section 22;

 

(2) the bid submitted exceeds the bidder's

preapproved credit term or limits;