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,