Paiute Pipeline Company

Second Revised Volume No. 1-A

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Effective Date: 06/01/1997, Docket: RP97-136-001, Status: Effective

First Revised Sheet No. 117 First Revised Sheet No. 117 : Effective

Superseding: Original Sheet No. 117

GENERAL TERMS AND CONDITIONS

(Continued)

 

16. PREGRANTED ABANDONMENT AND RIGHT-OF-FIRST-REFUSAL (Continued)

 

16.4 Economic Value:

 

For purposes of this Section 16, "Economic Value of a Bid" shall

be as defined in Section 14.1(k) of the General Terms and

Conditions of this tariff.

 

16.5 Procedures:

 

(a) All times listed for posting of available capacity and for

bidding under this Section shall be Central Clock Time

(Central Standard Time or Central Daylight Time, whichever

is applicable).

 

(b) All bid forms shall be fully disclosed.

 

(c) All Shippers bidding for available capacity must comply with

Section 7.6 of the General Terms and Conditions of this

tariff.

 

(d) Paiute may accept more than one bid, if necessary, to

contract for all available capacity.

 

(e) Shippers should specify the minimum Daily Reserved Capacity

they desire to secure through each bid in the event that

bids for varying contract quantities are submitted and the

available capacity is awarded to more than one Shipper.

 

(f) Bids submitted for capacity at receipt and delivery points

along Paiute's system must match the receipt and delivery

points specified in the expiring Service Agreement.

 

(g) A bid may be withdrawn prior to the end of the bidding

period. A new bid may be submitted to replace the withdrawn

bid only if the Economic Value of the new bid exceeds the

Economic Value of the withdrawn bid.

 

(h) The available capacity, receipt points, delivery points, the

date of expiration of the existing Service Agreement, and

the terms and conditions of any extension sought by the

existing Shipper shall be posted to Paiute's Electronic

Bulletin Board by 7:00 p.m. (5:00 p.m. Pacific Clock Time)

on the second Monday of the third calendar month preceding

the calendar month during which the existing Service

Agreement will expire. Bids for all or any portion of