Millennium Pipeline Company, L. L. C.
Original Volume No. 1
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Effective Date: 11/01/2009, Docket: RP10-17-000, Status: Effective
First Revised Sheet No. 82 First Revised Sheet No. 82
Superseding: Original Sheet No. 82
GENERAL TERMS AND CONDITIONS
(Continued)
4.2 Auctions of Capacity that Becomes Available. As capacity becomes
available on Transporter's system for firm services under the circumstances
set forth in Section 4.1 above, such capacity will be made available for
bidding provided that it is not previously committed and capacity remains
available.
(a) EBB Posting Procedure. Capacity that becomes or will become
available will be posted by Transporter on its EBB for at least the following
periods:
(1) five business days for firm capacity that will be available for a
term of twelve months or longer;
(2) three business days for firm capacity that will be available for a
term of at least five but less than twelve months; and
(3) one hour ending at 9:00 a.m. (C.T.) for firm capacity that will be
available for a term of less than five months.
Transporter's posting will include the following information regarding
the available capacity: (i) the daily and other applicable quantity of
service available from each receipt point to each delivery point; (ii) the
Recourse Rate as set forth in this Tariff; (iii) any applicable restrictions;
(iv) whether the capacity is subject to an existing right of first refusal;
(v) any minimum price or other terms applicable to the capacity as determined
by Transporter in its reasonable discretion; and (vi) the date when bids are
due to Transporter. The due date set by Transporter for bids will be in
accordance with the posting periods set forth above in this Section 4.2(a).
(b) Bidding Procedure. A potential Shipper may submit multiple bids,
each higher than its preceding bid, for all or any portion of the capacity or
term of service made available by Transporter. Such bids must be submitted
electronically through Transporter's EBB and will be displayed by Transporter
on the EBB, without revealing the identity of the bidder, during the bidding
period. Bidder must specify the monthly reservation charge (or other firm or
demand charge(s), if applicable, herein referred to collectively as
Reservation Charge) it is bidding for the service. Bidder also must provide
to Transporter a valid request for service fully complying with Section 3
(Requests for Service) of the General Terms and Conditions. The price bid
for the monthly reservation charge will be expressed per Dth and will be
expressed to the nearest thousandth of one dollar ($0.000). The bid will not
exceed the then-effective Maximum Base Reservation Charge for the applicable
service set forth in this Tariff. In addition to the bid price, Bidder will
pay all applicable commodity charges, demand and commodity surcharges and any
other applicable charges,