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. 124 Second Revised Sheet No. 124 : Effective

Superseding: First Revised Sheet No. 124

 

GENERAL TERMS AND CONDITIONS

FOR TRANSPORTATION SERVICE

(cont'd)

 

11. PROCEDURES FOR AVOIDANCE OF PREGRANTED ABANDONMENT (cont'd)

 

(a) Point(s) of Receipt and Point(s) of Delivery,

(b) the specific quantity available under the terminated contract,

(c) the date of expiration,

(d) the current maximum rate applicable to the terminated service.

 

11.3 Bidding Procedure

 

Until the last day of the fifth (5th) calendar month following the

month in which Transporter faxes a notice pursuant to Subsection 11.2,

Transporter will accept bids from Potential Shippers on Transporter's

approved Bidder List, as described in Subsection 10.4(a) of these

General Terms and Conditions. Bids may be submitted by Potential

Shippers to Transporter via Transporter's Web Site or via fax

transmission between 10:00 a.m. and 2:00 p.m., central clock time.

Transporter will post bids received by fax transmission on its Web

Site.

 

Potential Shippers may revise their bids during the posting

period. Transporter may reject any bid which would require Trans-

porter to discount below a rate and for a discount period not agree-

able to Transporter. A bid will be rejected by Transporter unless the

Potential Shipper remits a prepayment equal to one (1) month's pre-

payment of all fixed charges based upon the Potential Shipper's

requested rate(s) and the desired contract quantity. If such Poten-

tial Shipper's bid is accepted by Transporter and is not matched by

the Existing Shipper, then, upon commencement of service, the pre-

payment shall be credited to such Potential Shipper's initial invoice

for such service rendered. If such Potential Shipper's bid is not

considered a "best bid" or if the Potential Shipper fails to satisfy

all of Transporter's tariff provisions governing Shipper eligibility,

Transporter will refund the Potential Shipper's prepayment.

 

The Potential Shipper's prepayment will not be refunded if the

Potential Shipper withdraws its bid or fails to execute a service

agreement with respect to the service bid upon within ten (10) days of

the date Transporter tenders such service agreement to the Potential

Shipper for execution.

 

Transporter will accept bids from Potential Shippers with respect

to a quantitative portion of Shipper's contract quantity.