ANR Pipeline Company

Second Revised Volume No. 1

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Effective Date: 10/01/2003, Docket: RP00-332-008, Status: Effective

Fifth Revised Sheet No. 160 Fifth Revised Sheet No. 160 : Effective

Superseding: 1st Rev Third Rev Sheet No. 160

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

Matching Period to match or exceed the bid that more closely

meets the criteria specified by the Releasing Shipper. No

later than 2:00 p.m., the Pre-arranged Replacement Shipper

shall receive notification on GEMStm of the terms and

conditions of the prevailing bid, and shall have the

Matching Period to respond via GEMStm. Absent a response,

the capacity shall be awarded to the prevailing Bidding

Shipper no later than 3:00 p.m.

 

(k) Awarding of Capacity Available for Release. Capacity for

Releases subject to bidding will be awarded no later than

3:00 p.m. The capacity available for release shall be

awarded to the Bidding Shipper with the highest bid matching

all terms and conditions provided by the Releasing Shipper.

In the case of multiple bid winners, the highest ranking bid

will receive the entire maximum amount of capacity bid. The

next highest bidder will receive the remainder of the

offered capacity provided that the amount remaining is above

the bidder's minimum acceptable quantity. Any remaining

capacity will be given to the next highest bidder under the

same provisions as above. This process will repeat until

either all of the offered capacity is awarded or the

remaining capacity falls below either the Releasing

Shipper's minimum quantity or all the remaining bidder's

acceptable quantities. If bids are received that do not

match all the terms and conditions provided by the Releasing

Shipper, bids will be evaluated by the criteria provided by

the Releasing Shipper. If no criteria are provided by the

Releasing Shipper, the Bidding Shipper bidding the greatest

NPV shall be awarded the capacity. If more than one such

bid has an equal NPV, then the capacity shall be awarded on

a first come, first served basis. The ultimate awarding of

capacity will be posted subsequently on Transporter's GEMStm

by 4:00 p.m.