Colorado Interstate Gas Company

First Revised Volume No. 1

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Effective Date: 06/01/2010, Docket: RP10-689-000, Status: Effective

Sixth Revised Sheet No. 271 Sixth Revised Sheet No. 271

Superseding: Fifth Revised Sheet No. 271

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

4.7(g) Solicitation of Bids (Contd.)

 

the "Notice Date," and continuing for thirty days (the "Bid

Period") thereafter, Transporter shall post on its electronic

bulletin board notice of the capacity which will be available

as a result of the expiring agreement. Any Party qualified

pursuant to Section 9 may submit a bid for all, or a portion

of, the subject capacity during the "Bid Period."

 

 

(h) Notification of Existing Shipper and Right to Match. If Shipper

has given notice of intent to extend the term as described in

Section 4.7, but not at maximum Tariff rate(s) (including

applicable surcharges) for a term of five years or more, then

within ten Business Days after the close of the "Bid Period,"

Transporter shall notify the existing Shipper of any offers

deemed superior to Shipper's offered terms of extension.

Transporter's evaluation shall be based upon the net present

value of the proposed reservation charges and reservation

surcharge(s) and the proposed term of firm transportation or

storage agreement, discounted at Transporter's then-effective

rate of return on equity. The term of any competing offer

shall not be capped for comparison purposes. Within ten

Business Days after such notification by Transporter, Shipper

must notify Transporter of its intent to match the highest

competing offer for the amount of capacity covered by the

competing bid. If Shipper does not provide notice accepting the

terms of a superior offer notification within the ten-day

period, Transporter may enter into an agreement with the bidder

submitting the highest superior offer.

 

If a superior offer is not received, the Shipper shall be

entitled to the term extension proposed by Shipper provided

Shipper agrees to pay Transporter's maximum Tariff rate.