Portland Natural Gas Transmission System

Second Revised Volume No. 1

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Effective Date: 09/01/2006, Docket: RP06-449-000, Status: Effective

Original Sheet No. 352 Original Sheet No. 352 : Effective

 

GENERAL TERMS AND CONDITIONS (Continued)

 

(14) the date and time the Release Notice is posted on Transporter's

Interactive Internet Website; and

 

(15) all other relevant terms of the prearranged release.

 

(d) The Releasing Shipper may withdraw a Release Notice during the

bid period, where unanticipated circumstances justify and no minimum bid has

been made. Where Transporter has determined that the Release Notice contains

no deficiencies, once the bidding period closes, the Release Notice shall

constitute a binding offer to release capacity to a Successful Bidder(s) whose

bid satisfies all the minimum terms specified in the Release Notice.

 

11.7 Posting of Releasing Shipper's Election to Release Capacity. All

complete Release Notices submitted via Transporter's electronic bulletin board

or EDI pursuant to Section 11.6 herein shall be posted on the Interactive

Internet Website as soon as they are submitted unless otherwise indicated by

Releasing Shipper, provided, however, that the names of Pre-Arranged

Replacement Shippers shall not be posted by Transporter during the bidding

period, and Transporter shall begin accepting bids immediately. Upon

Transporter's receipt of a Release Notice, Transporter shall evaluate the

notice to determine whether it satisfies the terms of this Section and shall

notify the Releasing Shipper of any deficiencies within a minimum period of

four (4) hours during one (1) or more Business Days. If there are no

deficiencies, Transporter shall indicate the fact that the Release Notice

contains no deficiencies on its Interactive Internet Website. If there are

deficiencies, Transporter shall promptly notify the Releasing Shipper of the

deficiencies and the Releasing Shipper may at any time thereafter submit a

revised Release Notice. Following Transporter's determination that a Release

Notice or revised Release Notice contains no deficiencies, all information

relevant to the release shall remain on Transporter's Interactive Internet

Website and available for bidding in accordance with the timeline specified in

Section 11.6(a). All offers to release capacity by the Releasing Shipper

shall be binding unless withdrawn in writing or electronically via

Transporter's Interactive Internet Website or EDI.

 

11.8 Bidding Procedure. Immediately upon the posting of a Release

Notice on Transporter's Interactive Internet Website, Transporter shall begin

receiving bids for such capacity from potential Replacement Shippers. All

Shippers that wish to bid on such released capacity must notify Transporter

via Transporter's Interactive Internet Website or via EDI. All bids submitted

shall be posted on the Interactive Internet Website as soon as they are

submitted; provided, however, that the names of bidders shall not be posted by

Transporter during the bidding period. Any bids received must provide the

following information: