Northern Natural Gas Company

Fifth Revised Volume No. 1

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Effective Date: 04/17/2010, Docket: RP10-502-000, Status: Effective

13 Revised Sheet No. 287 13 Revised Sheet No. 287

Superseding: Substitute 12 Revised Sheet No. 287

 

GENERAL TERMS AND CONDITIONS

 

Rates specified by the releasing Shipper must include the reservation fee and all

demand surcharges, as a total number or as stated separately. Releasing Shipper may

specify dollars and cents or percentages of the maximum tariff rate in the

denomination of bids. If SMS is being released, it must be so stated in the Term

Sheet. A Shipper releasing capacity temporarily must also state in the Term Sheet if

the acquiring Shipper will be permitted to amend the primary receipt and/or delivery

points. All requested releases will be validated by Northern prior to execution of

the agreement. Northern will post capacity wanted notices on the website for

prospective Shippers.

 

C. Revocation of Offer to Release. Offers to release firm capacity shall be binding

until written or electronic notice of withdrawal is received by Northern. The

releasing Shipper may not revoke its posted release after the bid period ends. The

releasing Shipper has the right to withdraw its offer during the bid period, where

unanticipated circumstances justify and no minimum bid has been made.

 

D. Open Season. After posting of the offer to release on the website, there will be an

open season during which Northern will receive open bids for the released capacity.

Bids will be posted as provided in Section E. below. The open bid must state whether

the bidder is affiliated with the releasing Shipper. Offers will be posted for the

following time periods:

 

A Shipper desiring to release firm capacity for one year or less, including

pre-arranged releases, must post on Northern's website an offer to release capacity

no later than 12:00 p.m. (CCT) on a Business Day. A Shipper desiring to release

firm capacity for more than one year, including pre-arranged releases at less than

maximum rates, must post on Northern's website an offer to release capacity no later

than 12:00 p.m. (CCT) four Business Days before the award. For purposes of this

Section 47, a Business Day is defined as the hours Northern has its business offices

open between 8:00 a.m. one day and 8:00 a.m. the next day. The posting of a pre-

arranged deal that is not subject to bid must be made by 10:30 a.m. (CCT) for the

Timely cycle; 5:00 p.m. (CCT) for the Evening Cycle; 9:00 a.m. (CCT) for the Intraday

1 cycle; and 4:00 p.m. for the Intraday 2 cycle. Northern will accept and process

uploads of capacity release offers from releasing shipper(s) (or its authorized third

party service provider), provided the offer is received by Northern at its designated

site no later than 15 minutes prior to the respective deadline specified above. Such

received offer, if determined to be valid, should be posted as an Offer and should be

available for bidding by the posted-by deadline and start of bidding time specified

(for the received Business Day) as set forth above or the Releasing Shipper's

specified Business Day (if later than the received Business Day).

 

After posting of the offer, there will be an open season during which Northern will

receive open bids for the released capacity. For biddable releases that are one year

or less in duration, the open season will end no later than 1:00 p.m. (CCT) on a

Business Day. For biddable releases that are more than one year in duration, the

open season will end no later than 1:00 p.m. (CCT) on the Business Day before timely

nominations are due (open season is three Business Days). Northern will accept and

process uploads of capacity release bids from potential acquiring shipper(s) (or its

authorized third party service provider), provided the bid is time-stamped as leaving

control of the bidder no later than the respective deadline set forth above and is

received by Northern at its designated site no later than 15 minutes after such

deadline. Such timely bid, if determined to be valid, should be evaluated by

Northern for the purpose of identifying the winning bidder associated with the Offer

upon which the bid was made.

 

There will be no extensions of the original bid period or the pre-arranged deal match

period.

 

Northern must preapprove acquiring Shipper's creditworthiness.