Midwestern Gas Transmission Company
Third Revised Volume No. 1
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Effective Date: 08/09/2006, Docket: RP06-430-001, Status: Effective
Second Revised Sheet No. 247A Second Revised Sheet No. 247A : Effective
Superseding: Original Sheet No. 247A
GENERAL TERMS AND CONDITIONS
16. ELECTION OF RIGHT-OF-FIRST REFUSAL AND EXTENSION OF LONG TERM FIRM SERVICE AGREEMENTS
(Continued)
16.3 Extension of Less Than One Year (Continued)
(iii) maximum demand charge as set forth in the Summary of Rates and
Charges in Company's FERC Gas Tariff;
(iv) any minimum acceptable Bid;
(v) any applicable restrictions; and
(vi) the last day of the Bidding Period.
(b) Upon conclusion of the Bidding Period, Company shall evaluate the Bids in
accordance with the present value formula set forth in Section 21 of the
General Terms and Conditions for the evaluation of Bids under Company's
capacity release mechanism; provided that any Bid rate higher than the
maximum applicable rate shall be deemed to be equal to the maximum
applicable rate.