Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

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Effective Date: 12/14/2006, Docket: RP07- 65-000, Status: Effective

First Revised Sheet No. 10C First Revised Sheet No. 10C : Effective

Superseding: Original Sheet No. 10C

 

(b) Highest rate bid; provided, however, that Transporter

reserves the right to decline requests for service (i) that

offer less than the maximum rate; (ii) that may detrimentally

impact the operational integrity of Transporter's system;

(iii) that do not satisfy all the terms of a specific open

season; (iv) for which the requestor does not demonstrate

creditworthiness; (v) that contain terms and conditions other

than those set forth in the Tariff; or (vi) that contain

contingencies that cannot be removed within a time frame

acceptable to Transporter. For the purposes of this section, the

best bid(s) as calculated above shall be the bid(s) which

provide the greatest economic value to Transporter. In the

event that Transporter receives a bid at a Negotiated Rate or at

a rate to be determined under a Negotiated Rate Formula, for the

purpose of determining the greatest economic value to

Transporter, the value of such rate shall be determined in

accordance with the provisions of Section 3.3 hereof and Section

32 of the General Terms and Conditions and shall in no event

exceed the Recourse Rate.

 

In the event Transporter receives two or more bids of equal

value, then under method (a) the best bid shall be the bid with

the shortest term and under method (b) the best bid shall be the

bid with the longest term. If two or more potential Shippers

submit best bids, Transporter will pro-rate capacity on the

basis of the quantities bid; Shippers shall notify Transporter

within one (1) Business Day of their acceptance of such pro-rata

share of short-term capacity (less than twelve months) and

within five (5) Business Days of their acceptance of such

pro-rata share of long-term capacity (twelve months or longer).

In the event that any prospective Shipper elects not to enter

into a Gas Transportation Contract for its pro-rata share of

such capacity, such capacity shall be reallocated among the

other prospective Shippers on a pro-rata basis up to their

requested Maximum Input Quantities or Maximum Equivalent

Quantities. Transporter will post the results of the bidding

process after a Gas Transportation Contract has been executed.