Great Lakes Gas Transport, L.L.C.

Second Revised Volume No. 1

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Effective Date: 05/01/1998, Docket: RP98-174-000, Status: Effective

Second Revised Sheet No. 120 Second Revised Sheet No. 120 : Effective

Superseding: First Revised Sheet No. 120

 

GENERAL TERMS AND CONDITIONS

FOR TRANSPORTATION SERVICE

(cont'd)

 

 

10. CAPACITY ALLOCATION (cont'd)

 

(c) Unless its bid is matched by a Prearranged Shipper, the released

capacity shall be allocated to the Potential Shipper submitting

the "best bid." If more than one Potential Shipper submits bids

that each qualifies as a "best bid," the released capacity will

be allocated to the Potential Customer who submitted the "best

bid" first in time, unless a different tie-breaking method is

specified by the Existing Shipper.

 

(d) Transporter shall begin evaluating bids at 2:00 p.m., central

clock time, on the day before nominations are due, and the eva-

luation period shall continue until 3:00 p.m., central clock

time, that day. Any contingencies in bids must be satisfied

during that evaluation period. If there have been multiple bids

meeting minimum conditions, Transporter will award the bids, best

bid first, until all the offered capacity is awarded.

Transporter shall communicate the match or award to the winning

bidder and to any Prearranged Shipper with a right to match by

3:00 p.m., central clock time, that day. The Prearranged Shipper

must communicate to Transporter its desire to match the winning

bid by 4:00 p.m., central clock time, that day. Transporter will

post the award on the Web Site by 5:00 p.m., central clock time,

that day.

 

10.6 Tendering and Execution of Service Agreements

 

Transporter shall deliver by 10:00 a.m., central clock time, the day

of nomination such service agreements (including contract number) to

the Potential Shipper or Prearranged Shipper as are necessary to

effectuate the release transaction. Transporter must receive the

executed service agreement before it is required to accept a

nomination. In the event all necessary service agreements are not

executed by the Potential Shipper or Prearranged Shipper and returned

to and received by Transporter by 11:00 a.m., central clock time, on

the day of nomination, the allocation of the released capacity to said

Potential Shipper or Prearranged Shipper shall be nullified. In such

event, the capacity shall be offered to the Potential Shipper