Carolina Gas Transmission Corporation

Original Volume No. 1

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Effective Date: 11/01/2006, Docket: CP06- 71-001, Status: Effective

Original Sheet No. 130 Original Sheet No. 130 : Effective

 

4.5 Bidding Procedure for Available Capacity.

 

(a) Posting.

 

(1) All postings for available capacity shall contain:

 

(i) type of service that is available;

 

(ii) dates and duration that service will be

available;

 

(iii) Receipt and Delivery Points and available

capacity at each such point;

 

(iv) any minimum terms and conditions, including

minimum acceptable bids;

 

(v) first and last day of the bid period;

 

(vi) bid evaluation method and discount rate, if

applicable;

 

(vii) any special conditions; and

 

(viii)other information Pipeline determines relevant.

 

(2) Pipeline has the option to establish a reserve rate

for any available capacity before such capacity is

posted. Pipeline is not required to disclose the

reserve rate at the time of posting, but shall

maintain a record of the reserve rate for a period of

three (3) years for validation purposes.

 

(3) If Pipeline determines that it is willing to accept

Negotiated Rate offers for available capacity that

are posted for bid under this Section 4.5, it will

state in its posting the specific basis on which

Negotiated Rate offers will be considered. If

Pipeline’s posting specifies that it will accept

Negotiated Rate bids tied to an index or indices,

Pipeline will post an assumed value for such index or

indices. If a Shipper with a Negotiated Rate bid

tied to an index or indices is awarded the capacity,

such Shipper shall pay according to the actual value

of the index or indices at the time service is

rendered.