Kern River Gas Transmission Company

Second Revised Volume No. 1

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Effective Date: 06/01/2002, Docket: RP02-248-001, Status: Effective

Sub Original Sheet No. 211 Sub Original Sheet No. 211 : Effective

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

27. AVAILABLE CAPACITY (Continued)

 

27.4 Awarding. (Continued)

 

(f) After the economic value of each bid has been determined,

and if the capacity to be allocated to the highest bidder

would not result in awarding all of the available capacity,

then Transporter, subject to Sections 27.5 and 27.6, will

award the remaining capacity based on the economic value of

each bid, from highest economic value to lowest economic

value, with the process of awarding capacity to bidders

continuing until all of the capacity has been awarded or

until all valid bids have been accepted.

 

(g) For any capacity offered under this Section 27, the

successful bidder(s) and Transporter will execute a new

Transportation Service Agreement prior to the commencement

of service which confirms the terms of the accepted bid(s)

for the available capacity. Transporter will disclose the

identity of the bidder making the best bid on the date such

bidder first nominates under its service agreement, in

accordance with 18CFR, Section 284.13(b)(1).

 

(h) Capacity that is not awarded at the end of the bid and award

period will be available on a first-come, first-served

basis, provided that all requests for capacity that are

received on the same day will be considered to have been

received at the same time. If the first-received method

results in a tie, capacity will be awarded on a pro rata

basis.