Colorado Interstate Gas Company

First Revised Volume No. 1

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

Seventh Revised Sheet No. 339 Seventh Revised Sheet No. 339

Superseding: Sixth Revised Sheet No. 339

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

9.11 (continued)

 

(f) All bids pending at the expiration of the open season shall be

binding upon the Bidding Shipper(s). Further, the Bidding

Shipper(s) agrees that its bid will constitute a binding

agreement if the Bidding Shipper is awarded the released

capacity pursuant to this Section 9.

 

(g) Bids shall be binding until written or electronic notice of

withdrawal is received by Transporter (NAESB Standard 5.3.13).

 

9.12 Awarding of Released Capacity. Released capacity shall be awarded in

accordance with this Section 9.12.

 

(a) If a Bidding Shipper's bid satisfies all terms and conditions

specified in the Releasing Shipper's notice, including the

posted Reservation Rates, then the capacity shall be awarded to

such Bidding Shipper, and the Releasing Shipper shall not be

permitted to reject such bid. If such bid was submitted in an

open season relating to a prearranged release, capacity shall

be awarded as described in Section 9.12(h) hereof.

 

(b) Offers shall be binding until written or electronic notice of

withdrawal is received by Transporter (NAESB Standard 5.3.14).

Releasing Shipper(s) may withdraw their offer of release any

time prior to the start of the open season or during the open

season if conditions have changed up to the time a valid bid is

received. The Releasing Shipper may not withdraw its offer of

release if bids have been received that meet the minimum terms

of the release. The Releasing Shipper may withdraw its offer to

release capacity in writing, interactively via the electronic

bulletin board or via an electronic data interchange (EDI)

upload utilizing the NAESB Standard data set. In summary, the

Releasing Shipper has the right to withdraw its offer during

the bid period, where unanticipated circumstances justify and

no minimum bid has been made (NAESB Standard 5.3.16).