Northern Border Pipeline Company

First Revised Volume No. 1

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Effective Date: 09/16/2009, Docket: RP09-540-000, Status: Effective

Fourth Revised Sheet No. 273A Fourth Revised Sheet No. 273A

Superseding: Third Revised Sheet No. 273A

 

GENERAL TERMS AND CONDITIONS

 

 

27. RELEASE OF FIRM CAPACITY (Continued)

 

27.20 Offer Requirements (Continued)

 

Offers will be binding until written or electronic notice

of withdrawal is received by Company. [5.3.14]

 

Upon the award of a successful Bid(s) the Offer underlying

the successful Bid(s) will become an addendum to the

Capacity Release Offer Agreement.

 

27.21 Withdrawal of Offer

 

A Releasing Shipper has the right to withdraw its

Offer during the Bid period, where unanticipated

circumstances justify and no minimum Bid has been

made. [5.3.16]

 

A notice of withdrawal of an Offer will be posted

upon receipt.

 

27.30 Bid Requirements

 

27.31 Satisfaction of Credit Requirements

 

Any Person desiring to submit a Bid for firm

capacity must have executed a Capacity Release Bid

Agreement which is available on Company's Internet

web site and must have satisfied the requirements of

Section 41 of these General Terms and Conditions. A

Person's Bid for firm capacity which exceeds its

qualified level of credit worthiness shall not be

awarded.

 

27.32 Term of Bid

 

Company shall not accept a Bid for a term longer

than the term set forth in the Offer.

 

27.33 Bid Conditions

 

If a Bid is received which contains conditions other

than those allowed in the Offer, such Bid shall not

be accepted.