Florida Gas Transmission Company, LLC

Fourth Revised Volume No. 1

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Effective Date: 09/01/2006, Docket: RP06-463-000, Status: Effective

Original Sheet No. 306 Original Sheet No. 306 : Effective

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

f. The minimum amount of prorated capacity that the

bidder will accept, if prorationing is necessary.

 

2. Withdrawal of Bids:

 

A bid may be withdrawn any time prior to the close of the bidding

period, however, the same party may not submit a lower bid. Once

a bidder has withdrawn its bid, the bidder may only submit a new

bid for such released capacity at a higher rate. Bids cannot be

withdrawn after the bid period ends.

 

3. Right to Match

 

In the event capacity is subject to the right to match, the

prearranged Acquiring Shipper shall have the right to match

consistent with the capacity release timeline.

 

4. Bid Evaluation Procedure

 

Transporter shall review the bids received and reject any bids

that do not comply with all applicable provisions of this Section

18 and the Relinquishment Notice. Subject to the right to match ,

if applicable, capacity will be awarded to all Acquiring Shippers

whose bids can be fulfilled without impairment of firm capacity

rights held by any other Shipper or without reducing the total

contractual entitlement on Transporter's system. Pursuant to

Section 18.E.1.(l), Transporter will evaluate and rank all bids

and will award bids, best bid first, until all offered capacity is

awarded.

 

Tie Breakers:

 

In the event two or more bids contain the same bid rate, capacity

will be awarded based on the first in time to submit an eligible

bid; provided however, if a contingent bid and a non-contingent

bid tie, capacity will be awarded to the non-contingent bidder.