Crossroads Pipeline Company

First Revised Volume No. 1

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Effective Date: 11/01/2001, Docket: RP02- 14-000, Status: Effective

Original Sheet No. 65 Original Sheet No. 65 : Superseded

 

GENERAL TERMS AND CONDITIONS

(Continued)

4.2 Auctions of Capacity that Becomes Available. As capacity becomes available on Transporter's system

for firm services under the circumstances set forth in Section 4.1 above or otherwise, such capacity shall be

made available for bidding provided that it is not previously committed and capacity remains available.

(a) EBB Posting Procedure. Capacity that becomes or will become available will be posted by

Transporter on its EBB for at least the following periods:

(1) five business days for firm capacity that will be available for a term of twelve

months or longer;

(2) three business days for firm capacity that will be available for a term of at least

five but less than twelve months; and

(3) one hour ending at 10:00 a.m. (E.T.) for firm capacity that will be available for a

term of less than five months.

Transporter's posting shall include the following information regarding the available capacity: (i)

the daily and other applicable quantity of service available from each receipt point to each delivery point;

(ii) the Recourse Rate as set forth in this Tariff; (iii) any applicable restrictions; (iv) whether the

capacity is subject to an existing right of first refusal; (v) any minimum price or other terms applicable to

the capacity; and (vi) the date when bids are due to Transporter. All posted capacity shall be subject to the

20-year limitation for long term service agreements unless otherwise stated in the posting. The due date set

by Transporter for bids shall be in accordance with the posting periods set forth above in this Section

4.2(a).

(b) Bidding Procedure. A potential Shipper may submit multiple bids, each higher than its

preceding bid, for all or any portion of the capacity or term of service made available by Transporter. Such

bids shall be submitted electronically through Transporter's EBB and shall be displayed by Transporter on the

EBB, without revealing the identity of the bidder, during the bidding period. Bidder shall specify the

monthly reservation charge (or other firm or demand charge(s), if applicable, herein referred to collectively

as Reservation Charge) it is bidding for the service. Bidder also shall provide to Transporter a valid

request for service fully complying with Section 3 (Requests for Service) of the General Terms and Conditions.

The price bid for the monthly reservation charge shall be expressed per Dth and shall be expressed to the

nearest thousandth of one dollar ($0.000). The bid shall not exceed the then-effective Maximum Base

Reservation Charge for the applicable service set forth in this Tariff. In addition to the bid price, Bidder

shall pay all applicable commodity charges, demand and commodity surcharges and any other applicable charges,

as they may be adjusted from time to time by Transporter. Transporter shall have the right to reject any bids

that: (i) are for a rate that is less than the minimum rate stated in Transporter's posting of that capacity;

(ii) do not satisfy any of the other terms specified in the posting; or (iii) include conditions or provisions

that Transporter determines, in its reasonable discretion, to be unacceptable.