Guardian Pipeline, L.L.C.

Original Volume No. 1

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Effective Date: 09/01/2004, Docket: RP04-432-000, Status: Effective

Second Revised Sheet No. 187 Second Revised Sheet No. 187 : Effective

Superseding: First Revised Sheet No. 187

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

21. CAPACITY RELEASE (Continued)

 

(e) Where there is a PRS and an offer which is better than

the bid submitted by the PRS, Transporter will notify

the PRS by 2:00 p.m. CCT on the day capacity is

awarded and the PRS will have until 2:30 p.m. to match

the better offer and obtain the right to the released

capacity. Transporter shall issue an Addendum to the

PRS unless a better bid, as defined in

Section 21.2(a)(11) herein, is received within the

time period specified in the posting. In the event

the PRS does not match the better bid, Transporter

shall issue an Addendum to the party who made the best

bid.

 

(f) Bids shall be binding until written or electronic

notice of withdrawal is received by Transporter. Bids

cannot be withdrawn after the bid period ends.

 

(g) In the event that a winning bid has an unacceptable

contingency, and Transporter is not notified through

the Web Site that such contingency has been removed

within the time period specified in the Offer, such

contingent bid will be rejected by Transporter.

 

(h) The Releasing Shipper may define in the Offer the

criteria for determining the best bid. If the

Releasing Shipper does not specify the criteria,

Transporter shall use the highest economic value as

set forth in Section 10.1 herein to determine the best

bid. If there are multiple bids meeting the minimum

conditions, Transporter shall award the bids, best bid

first, until all offered capacity is awarded.

Transporter will notify, through the Web Site by

2:00 p.m. CCT following the end of the posting period,

or by 3:00 p.m. CCT if a matching period is

applicable, the PRS or Replacement Shipper that

capacity has been awarded. Transporter shall allow

re-releases on the same terms and basis as the primary

release (except as prohibited by regulations).