Paiute Pipeline Company
Second Revised Volume No. 1-A
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Effective Date: 06/01/1997, Docket: RP97-136-001, Status: Effective
Third Revised Sheet No. 110 Third Revised Sheet No. 110 : Effective
Superseding: Second Revised Sheet No. 110
GENERAL TERMS AND CONDITIONS
14. CAPACITY RELEASE (Continued)
14.2 General Provisions: (Continued)
(o) Bids will be binding until written or electronic notice of
withdrawal is received by Paiute and cannot be withdrawn
after the bid period ends.
(p) A bid may be withdrawn prior to the end of the Bidding
Period. A Shipper may submit a new bid to replace the with-
drawn bid only if the Economic Value of the new bid exceeds
the Economic Value of the withdrawn bid.
(q) Paiute will provide service to a Replacement Shipper or a
Prearranged Replacement Shipper pursuant to an executed
Service Agreement. Replacement Shipper must execute a
Service Agreement prior to submitting a bid, which will
include all provisions except for provisions related to
price, term, receipt point, delivery point and contract
demand. Paiute's accepted Bid Form to Acquire Firm Capacity
will constitute an exhibit to the Service Agreement between
Paiute and the Replacement Shipper or Prearranged
Replacement Shipper. The Request Form for Release of Firm
Capacity, along with Paiute's accepted Bid Form to Acquire
Firm Capacity, shall also constitute an amendment to the
Service Agreement between Releasing Shipper and Paiute,
reflecting the release of capacity.
(r) Paiute may assess a marketing fee to a Releasing Shipper, if
agreed upon by both Paiute and Releasing Shipper, pursuant
to a separately-negotiated marketing contract, for marketing
services to be performed by Paiute.
(s) All terms of Capacity Release transactions between Paiute,
Releasing Shipper and Replacement Shipper or Prearranged
Replacement Shipper, must be agreed to through the public
notification and posting procedures as specified herein.
Except as otherwise provided in this Tariff, any exceptions
to this policy shall result in the immediate invalidation of
the Capacity Release transaction.
(t) In the event that the condition(s) underlying a contingent
bid is not fulfilled, then the bid shall be deemed null and
void, and the released capacity will be awarded to the next