Columbia Gas Transmission LLC

Third Revised Volume No. 1

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Effective Date: 06/12/2009, Docket: RP09-294-002, Status: Effective

First Revised Sheet No. 330 First Revised Sheet No. 330

Superseding: Original Sheet No. 330

 

GENERAL TERMS AND CONDITONS (Cont'd)

 

(b) A potential Replacement Shipper responding to the posting of a Release Notice shall be

permitted to bid a quantity and a term of service different from those specified in the posted Release Notice;

provided, however, that a Bidder shall not be permitted to bid a quantity or a term of service lower than any

minimum quantity or term disclosed and posted by Releasor in the Release Notice. Bidders must accept all

other conditions set forth in the Release Notice.

 

(c) Bids shall be submitted by potential Replacement Shippers without bidders knowing the

identities of other bidders. Bidders may submit multiple bids, each higher than the previous bid, during the

posting period established pursuant to Section 14.2(e) above.

 

(d) All bidders must (i) have prequalified under Transporter's creditworthiness standards, (ii)

appear on Transporter's Approved Bidders List, and (iii) where execution of an Assignment Agreement will be

required within five days of its transmission by Transporter, have executed an Electronic Contracting

Agreement with Transporter, as required by Section 3 (Requests for Service), Section 9 (Operating Conditions),

and Section 5 (Service Agreement and Electronic Contracting), of the General Terms and Conditions.

 

(e) All bids for capacity release transactions more than one (1) year in length shall neither

exceed the maximum rates nor be less than the minimum rates permitted by the Commission for the released

services. Bids for capacity release transactions of one (1) year or less may exceed the maximum rates but

shall not be less than the minimum rates permitted by the Commission for released services. Bids for capacity

offered for more than one (1) year at a one-part volumetric rate (which shall apply only to the reservation

portion of the rate) shall not exceed a maximum rate calculated by converting the applicable maximum

reservation charge into a volumetric charge at a 100 percent load factor plus the applicable commodity

charges.

 

(f) Bids are binding, other than contingent bids, until written or electronic notice of withdrawal

is received. Bids may be withdrawn before the close of the bidding period. Any bidder that withdraws its bid

for released capacity may not, within that same bidding period, submit a bid at a lower rate for any portion

of that same capacity.

 

(g) Where higher bids are received for capacity that Releasor proposes to release under a

prepackaged arrangement that is subject to competitive bidding (including prepackaged arrangements for 31 days

or less for which Releasor requests competitive bidding), the Replacement Shipper designated by Releasor

(designated Replacement Shipper) shall be notified by Transporter and shall exercise its right to match the

highest competing bid in accordance with the Capacity Release timeline under Section 14(c) above. For

transactions one (1) year or less in length, a designated Replacement Shipper shall be required to match the

highest competing bid, including bids that may be submitted in excess of the maximum rate. A Releasor shall

not be able to specify an extension of the original pre-arranged match period without posting a new release.