Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

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Effective Date: 03/27/2000, Docket: RP00-529-000, Status: Effective

Third Revised Sheet No. 102 Third Revised Sheet No. 102 : Effective

Superseding: Second Revised Sheet No. 102

 

other minimum terms of the Release Notice while providing a

higher rate, higher net revenue, or higher present value as

specified by Releasing Shipper, or the highest present value if

not specified by Releasing Shipper, up to the Maximum

Transportation Demand Rate Transporter is authorized to charge

(subject to the provisions of Section 28.5(b) above), Transporter

shall notify the Prearranged Replacement Shipper and the

Prearranged Replacement Shipper may match that offer in

accordance with the timeline set forth in Section 28.6(a).

If the Prearranged Replacement Shipper matches the better offer,

then Transporter shall select the Prearranged Replacement Shipper

as the Successful Bidder.

 

If the Prearranged Replacement Shipper does not match the

better offer, Transporter shall select the bidder(s) that made

the better offer as the Successful Bidder(s). If two or more

bidders made the better offer, then the capacity will be prorated

in the manner described in Section 28.9(c) below.

 

(b) No Prearranged Replacement Shipper. If

Transporter receives notice of a Releasing Shipper's election to

release capacity, without receiving notice of a Prearranged

Replacement Shipper, Transporter shall post that

notice on its Electronic Bulletin Board in accordance with

the provisions of Section 28.7 above. Transporter shall evaluate

all bids that satisfy the minimum terms of the Release Notice

(i.e., highest rate, highest net revenue, or highest present

value in accordance with the provisions of Section 3 of the RTS

Rate Schedule and the timeline set forth in Section 28.6(a) of

the General Terms and Conditions of this Tariff). The bid which

yields the highest rate, highest net revenue, or highest present

value as specified by Releasing Shipper, or the highest present

value if not specified by Releasing Shipper, up to the Maximum

Transportation Demand Rate Transporter is authorized to charge

(subject to the provisions of Section 28.5(b) above), while

meeting all other minimum terms of the Release Notice, will be

selected as the best bid. If two or more bidders submitted the

best bid, then the capacity will be prorated in the manner

described in Section 28.9(c) below.

 

(c) Tie for winning bid. In the event two or

more bids provide the same highest rate, highest net revenue, or

highest present value as specified by Releasing Shipper, or the

highest present value if not specified by Releasing Shipper and

none of those successful bids states that the bidder is unwilling

to accept proration of the released capacity in the event