Kern River Gas Transmission Company

Second Revised Volume No. 1

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Effective Date: 07/01/2009, Docket: RP09-616-000, Status: Effective

Third Revised Sheet No. 151 Third Revised Sheet No. 151

Superseding: Second Revised Sheet No. 151

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

15. CAPACITY RELEASE PROGRAM (Continued)

 

15.6 Determination of Successful Bidder. (Continued)

 

(b) If a Release Request includes a Prearranged Bidder, then the

Release will be awarded to the Prearranged Bidder if its bid

has a value which is equal to or higher than the highest

value of each of the bids submitted by all other Bidders, or

if it matches any bid having a higher value within the time

period provided by Section 15.8.

 

(c) If only one Bidder has submitted a bid which reflects the

highest value, then the Release will be awarded to that

Bidder, subject to any Prearranged Bidder's exercise of its

right of first refusal as set forth above.

 

(d) If two or more Bidders have submitted bids which each

reflect the highest value and these combined bids exceed the

offered capacity, then, subject to any Prearranged Bidder's

exercise of its right of first refusal, the Release will be

awarded on the basis of a lottery that randomly assigns a

priority to such Bidders. The Bidder with the highest

priority will be awarded the Release to the extent of the

DMDQ for which it has submitted a bid. If the award of

capacity to the Bidder with the highest priority does not

result in allocation of all available capacity, then

Transporter will continue to award remaining capacity based

on the priorities established by lottery until all of the

capacity has been awarded or all bids have been satisfied to

the extent possible. Transporter will conduct the lottery

in an objective, nondiscriminatory manner.

 

(e) Transporter will post on its Designated Site for a period of

ten Business Days the terms of the successful bid and the

identity of the successful Bidder in accordance with the

relevant periods of time set forth in Section 15.8 of this

Tariff.

 

15.7 Exhibit "RP" and Exhibit "RS".

 

(a) Prior to the date of commencement of the Release Term as

specified by the successful Bidder, Transporter will prepare

and transmit to the successful Bidder an initial Exhibit

"RP" to its Released Transportation Service Agreement

stating all applicable terms and conditions of