Discovery Gas Transmission LLC
Original Volume No. 1
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Effective Date: 02/27/2009, Docket: RP09-291-000, Status: Effective
Third Revised Sheet No. 160 Third Revised Sheet No. 160
Superseding: Substitute Second Revised Sheet No. 160
11.6 SUBMISSION OF BIDS - During the open season and bid submittal periods,
all valid bids (excluding bidder's name) will be posted. All bids will
be binding until written or electronic notice of withdrawal is received
by Transporter. A bid may be withdrawn prior to the close of the
bidding period, but the withdrawing bidder may not rebid on the same
capacity at a lower rate. Invalid bids will not be posted. There will
be no extensions of the original bid period or the prearranged deal
match period.
Prior to bidding on any offer to release capacity, a bidder must
prequalify by satisfying the creditworthiness requirements in Subsection
11.10. All bids for capacity shall be transmitted via mail, telefax, or
electronically to Transporter. Transporter shall date and time stamp
all written bids as they are received. A separate bid is required for
each offer to release capacity. The price bid on any offer to release
capacity must be submitted on a reservation rate basis or on a
volumetric basis. Any volumetric bids should only relate to the
reservation rate, since any volumetric charges will be directly billed
by Transporter to the Replacement Shipper and will not be considered in
the determination of the best bid. All bids on temporary releases of
capacity must be for the specified Receipt and Delivery Points set forth
in the Releasing Shipper's offer. Any prequalified bidder submitting a
bid for all or part of any released capacity shall provide the
information required by the NAESB Standards. Transporter shall post all
bids for capacity on its Internet web site (web site).