American Midstream (AlaTenn), LLC

Fifth Revised Volume No. 1

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Effective Date: 05/01/2010, Docket: RP10-493-000, Status: Effective

Original Sheet No. 137A Original Sheet No. 137A

 

GENERAL TERMS AND CONDITIONS (continued)

 

(d) Bidding will be an iterative process in that a Bidder may submit any number

of bids during

the

Bidding Period for such rights; provided that each new submission of a bid for

such rights by

such

Bidder shall constitute the withdrawal of any immediately preceding bid by such

Bidder for such

released transportation rights. The purpose of this provision is to ensure that a

Bidder may not

have

more than one bid in contention at the same time for such transportation rights. If

a Bidder

withdraws its

bid by submitting a new bid, such new bid must be at a higher rate than such

Bidder's

immediately

preceding rate. Bids are binding until written or electronic notice of withdrawal is

received by

Transporter or the capacity release service provider. A Bidder retains the right to

withdraw its bid

until

the close of the Bidding Period, however, a bid cannot be withdrawn after the bid

period ends.

 

(e) Bids shall contain the following information:

 

i) the identity of the Bidder;

 

ii) Bidder's Released Transportation Service Contract number.

 

iii) the Release Request number to which the Bid relates or numbers, in the case

where capacity

packages posted by two or more different release Shippers are acceptable to a

Bidder.

 

iv) the bid rate(s) expressed as a dollar amount or as a percentage, that the

Bidder is willing to

pay for

the released transportation rights, which must be no less than any minimum bid

rate(s) specified

in the

Release Request and which, in any event, must be no less than Transporter's

currently effective

maximum Rate Schedule FT commodity rate, including any applicable

surcharges;