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.