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. 353 Original Sheet No. 353 : Effective

 

GENERAL TERMS AND CONDITIONS (Continued)

 

(a) the bidder's legal name, the phone number, and the name of the

person entering the bid;

 

(b) the Releasing Shipper's legal name, and the number of the Gas

Transportation Contract under which bidder desires to acquire released

capacity;

 

(c) the capacity which the bidder wishes to acquire, stated in DTH;

 

(d) the Receipt and Delivery Points at which the bidder desires

service;

 

(e) the term of the acquisition;

 

(f) the maximum rate bidder is willing to pay for the capacity;

 

(g) whether the bidder is willing to accept less than the full amount

f capacity released in the event that there are two or more Successful Bidders

and Transporter must pro-rate the capacity in accordance with Section 11.9(c)

below; and

 

(h) any other terms that may be relevant.

 

A bidder may withdraw its bid during the bidding period, and may

submit a higher bid during the bidding period, but may not submit a lower bid.

Once a potential Replacement Shipper has submitted a bid, that bid shall be

binding until Transporter receives a written notice or electronic notice of

withdrawal. Once the bidding period closes, any bid posted on Transporter's

Interactive Internet Website shall constitute a binding offer to enter into a

Gas Transportation Contract for firm service, subject only to the Releasing

Shipper's decision to accept a contingent bid. The bid shall be binding

until: Transporter selects the Successful Bidder(s); Transporter determines

that no bids satisfy the minimum terms specified in the release Notice; or the

time specified by the Releasing Shipper in its Release Notice when it provides

for accepting contingent bids.

 

11.9 Allocation of Released Capacity -- Transporter's Criteria. Unless

the Releasing Shipper specifies different criteria for evaluating bids in its

Release Notice in accordance with the provisions of Section 11.6 herein,

release capacity will be allocated on a non-discriminatory basis consistent

with the following principles: