Paiute Pipeline Company

Second Revised Volume No. 1-A

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Effective Date: 02/25/2009, Docket: RP09-272-000, Status: Effective

Fourth Revised Sheet No. 107 Fourth Revised Sheet No. 107

Superseding: Third Revised Sheet No. 107

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

14. CAPACITY RELEASE (Continued)

 

14.2 General Provisions: (Continued)

 

as open bids, provided, however, that each bidder

must

identify itself to Paiute. At the close of each

Bidding

Period, Paiute shall post the accepted Replacement

Shippers

name, the accepted bid price and term of the

release, and

any previously undisclosed minimum conditions on

acceptable

bids. Paiute will post offers and bids, including

prear-

ranged deals, upon receipt. A Releasing Shipper

may request

a later posting time for posting of such offer,

and Paiute

will support such request insofar as it comports

with the

standard capacity release timeline specified in

GISB

Standard 5.3.2.

 

(e) All times listed for posting of requests for

capacity re-

lease and for bidding shall be based on Central

Clock Time.

 

(f) A Releasing Shipper may specify that bids may be

accepted on

a volumetric rate basis, a combination of

volumetric and

reservation rates or solely on a reservation rate

basis. The

maximum and minimum rate for combination bids

shall be eval-

uated using the formula specified in Section

14.1(m) of

Paiute's tariff: The monthly rate, when added to

the

reservation rate bid, shall not be more than nor

less than

the posted Maximum and Minimum Currently Effective

reserva-

tion rate. The maximum rate for bids on a

reservation rate

basis shall be Paiute's Maximum Currently

Effective reserva-

tion rate. The Releasing Shipper has the choice to

specify

dollars and cents, or percent of maximum tariff

rate in the

denomination of bids and Paiute will support this.

Once the

choice is made by the Releasing Shipper, the bids

must comport

with the choice. For purposes of bidding and

awarding, maximum/

minimum rates specified by the Releasing Shipper

will include

the tariff reservation charge and all demand

surcharges, as a

total number or as stated separately.

Notwithstanding the

foregoing, until September 30, 2002, a Releasing

Shipper may

release capacity at a rate that exceeds Paiute's

applicable

maximum tariff rate for capacity release

transactions of less

than one year.

 

(g) All bids shall be submitted in amounts which a

Replacement

Shipper or Prearranged Replacement Shipper agrees

to pay to

Paiute for the right to demand firm service; such

bids shall

exclude Paiute's surcharges and variable costs

applicable to

each service as included in Paiute's rates, which

rate com-

ponents must be paid to Paiute by the successful

bidding

Replacement Shipper or Prearranged Replacement

Shipper in