East Tennessee Natural Gas, LLC

Third Revised Volume No. 1

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Effective Date: 01/01/2009, Docket: RP09-76-001, Status: Effective

Substitute Second Revised Sheet No. 343 Substitute Second Revised Sheet No. 343

Superseding: Second Revised Sheet No. 343

 

GENERAL TERMS AND CONDITIONS (Continued)

 

(b) Pre-qualified Bidders may submit bids during the Bidding

Period applicable to a Release Request. All bids must be

submitted via LINK®. In transmitting a bid, Bidders

recognize that such bid will be accessible by other Bidders

via LINK®; however LINK® will identify bids by bid number

only and the name of the Bidder will not be posted.

 

(c) Bidding will be an iterative process in that a Bidder may

submit any number of Bids during the Bidding Period;

provided that each new submission of a Bid effects the

withdrawal of the previous one such that a Bidder may not

have more than one Bid in contention for the capacity at the

same time. If a Bidder withdraws its Bid and resubmits a

new Bid, such new Bid must be at a higher rate. A Bidder

retains the right to withdraw its Bid by resubmitting a new

bid or with written or electronic notice of withdrawal,

until the close of the Bidding Period at which time such Bid

shall become binding.

 

(d) Bids must contain the following information:

 

(i) the identity of the Bidder (which will be concealed

during the Bid Period);

 

(ii) the Release Request number to which the Bid relates;

 

(iii) the bid rate(s) that the Bidder is willing to pay for

the released transportation rights. For releases that

become effective on or after July 30, 2008, a bid rate

in excess of the maximum tariff rate for the

applicable service can be submitted for a proposed

release with a term of one (1) year or less if the

effective date of the proposed release is on or before

one (1) year from the date on which Transporter is

notified of the release; such rate will be utilized in

the determination of the "best bid" pursuant to

Section 17.7.

 

(iv) the Released Maximum Daily Transportation Quantity for

the Bid;

 

(v) the term for which the Bidder wishes to obtain the

transportation rights;

 

(vi) whether the bid is contingent, and if so, the basis

for the contingency; and

 

(vii) an e-mail address for at least one contact person. It

is the Bidder's responsibility to update e-mail

address information provided to Transporter as

necessary.

 

Any contingency included in the bid shall not be contrary

to any applicable provision of this FERC Gas Tariff.