Great Lakes Gas Transmission Limited Partner

Second Revised Volume No. 1

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Effective Date: 01/01/2008, Docket: RP08- 78-000, Status: Effective

Tenth Revised Sheet No. 42A Tenth Revised Sheet No. 42A : Effective

Superseding: Ninth Revised Sheet No. 42A

 

 

GENERAL TERMS AND CONDITIONS

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(continued)

 

15.15 (B) (continued)

 

(3) The evaluation period begins at 1:00 p.m. (C.C.T.) and ends at 2:00 p.m. (C.C.T.) on

the same day that the open season ended. During this time, contingencies are

eliminated, the determination of best bid is made, and ties are broken.

 

(4) The award of capacity to the Replacement Shipper shall be communicated by 2:00 p.m.

(C.C.T.) on the same day that the open season ended. Pursuant to Subsection 15.15(I),

the terms of the best bid which a pre-arranged Replacement Shipper may match must also

be communicated to such pre-arranged Replacement Shipper by this time. The pre-

arranged Replacement Shipper shall have until 2:30 p.m. (C.C.T.) of that same day to

match the terms of the best bid in writing, through GLConnect, or through EDI.

 

(5) The award of released capacity shall be posted to GLConnect or be available through

EDI by 3:00 p.m. (C.C.T.) on the same day that the open season ended. Nominations may

be submitted beginning with the next available nomination cycle for the effective date

of the contract.

 

(6) Transporter shall tender a contract with the contract identification number to the

Replacement Shipper within one (1) hour of the award posting.

 

(C) The posting of a notice is an offer by Releasing Shipper to entertain bids on the Capacity

proposed to be released and assigned, but is not an offer by Transporter. Offers shall be

binding until written or electronic notice of withdrawal is received by Transporter. Such

offer may be withdrawn by the Releasing Shipper where unanticipated circumstances justify

and no bid meeting the minimum bid criteria set forth by the Releasing Shipper in

Subsection 15.15(A) above has been received. After a bid meeting those minimum

requirements is received, such offer shall remain open until the priority bidder becomes an

FT, EFT, or LFT Shipper pursuant to Subsection 15.15(G) below. Releasing Shipper's

Subsection 15.15(A) notice authorizes Transporter to accept bids for the Capacity.