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

Seventh Revised Sheet No. 43 Seventh Revised Sheet No. 43 : Effective

Superseding: Sixth Revised Sheet No. 43

 

GENERAL TERMS AND CONDITIONS

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(continued)

 

 

15.15 (F) (continued)

 

(3) If more than one bid is received, Transporter shall utilize the following criteria to

determine the "best bid":

 

(a) highest rate;

(b) net revenue;

(c) present value; or

(d) any other non-discriminatory method specified by the Releasing Shipper in its

notice of Subsection 15.15(A).

 

(4) In the event that more than one bid qualifies as the "best bid," then priority shall

be allocated based on the method specified by the Releasing Shipper in its notice of

Subsection 15.15(A). Priority bidders are not required to accept any quantity of gas

less than the full quantity bid and may withdraw their bid at the time such allocation

of the capacity is offered, unless the bidder has indicated that it would be willing

to accept a lesser quantity. Transporter will contract with the bidder(s) receiving

priority that complies with Subsections 15.10 and will implement the capacity release

pursuant to Subsection 15.15(B) above. Transporter shall so notify Releasing

Shipper.

 

(G) A successful bidder under Subsection 15.15(F) shall contract with Transporter under Rate

Schedule FT, Rate Schedule EFT, or Rate Schedule LFT, as provided for in this section, for

the Capacity pursuant to the terms of its bid and shall become a Replacement Shipper under

this tariff. Not withstanding any provision of Rate Schedule FT, Rate Schedule EFT, or Rate

Schedule LFT, the Replacement Shipper's rights under the release and assignment shall not

be superior to those of the Releasing Shipper.

 

(H) A bid is an offer by the bidder to accept from Transporter the Capacity posted on GLConnect

pursuant to Subsection 15.15(C). The bid may be withdrawn or adjusted upward but not

downward during the open season, and at the close of the open season shall remain open

until the priority bidder becomes an FT, EFT, or LFT Shipper pursuant to Subsection

15.15(G) above. Contingent bids that meet the criteria set forth by the Releasing Shipper

in Section 15.15(A)(13) above will be allowed. If the bid is not accepted or if the bidder

fails to satisfy the applicable provisions of Transporter's Rate Schedule FT, Rate Schedule

EFT, or Rate Schedule LFT, as appropriate, and become a Replacement Shipper, then

Transporter will refund any payment made pursuant to Section 2.1(c) of the General Terms

and Conditions of Transporter's FERC Gas Tariff, Second Revised Volume No. 1.

 

(I) Releasing Shipper may provide to Transporter, at the time of submission of the written

notice required by Subsection 15.15(A), the name and bid terms of a pre-arranged

Replacement Shipper. Transporter shall post the pre-arranged Replacement Shipper's bid on

GLConnect at the same time that the Subsection 15.15(A) notice is posted. At the

conclusion of the open season, if the pre-arranged Replacement Shipper is not the priority

bidder under Subsection 15.15(F), then the pre-arranged Replacement Shipper shall have

until 2:30 p.m. (C.C.T.) on the same day the open season ended in which to match the bid of

the priority bidder under Subsections 15.15(F)(3) or 15.15(F)(4). In the event that the

pre-arranged Replacement Shipper matches the bid of the priority bidder, then the pre-

arranged Replacement Shipper shall become the priority bidder under Subsections 15.15(F)(3)

or 15.15(F)(4).