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. 356 Original Sheet No. 356 : Effective

 

GENERAL TERMS AND CONDITIONS (Continued)

 

11.10 Allocation of Released Capacity -- Releasing Shipper's Criteria.

When the Releasing Shipper's criteria for evaluating bids or breaking ties are

used in place of the bid evaluation or tie-breaking procedures specified in

Section 11.9, Transporter shall use Releasing Shipper's criteria to evaluate

and rank all bids and will select the Successful Bidder.

 

11.11 Criteria for Transporter's Tender of a Gas Transportation

Contract. All Successful Bidders shall be subject to the credit evaluation

procedures provided in Section 3 of this Tariff. Transporter shall have no

obligation to make available a Gas Transportation Contract to a Successful

Bidder unless the Transporter has verified the creditworthiness of such bidder

in accordance with the provisions of Section 3. Transporter shall verify the

creditworthiness of a Successful Bidder within one (1) Business Day of receipt

of all information required by Section 3.4 of this Tariff. In the event that

information about the Successful Bidder's credit is not available within eight

(8) hours of its selection as the Successful Bidder, and the Releasing Shipper

does not at that time withdraw the Releasing Notice, Transporter will offer

the released capacity to the bidder(s) who submitted the next highest bid(s)

in accordance with the criteria specified in Sections 11.9 or 11.10 herein

while meeting all other minimum terms of the Release Notice.

 

11.12 Procedure upon Selection of Successful Bidder(s). In accordance

with the timeline specified in Section 11.6, Transporter shall

 

(a) notify the Releasing Shipper of the Successful Bidder(s);

 

(b) post the successful bid(s), including the name of the

Successful Bidder, on its Interactive Internet Website; and

 

(c) if applicable, verify the creditworthiness of the Successful

Bidder(s) in accordance with the provisions of Sections 11.3 and 11.11 herein.

 

As soon as the criteria for Transporter's tender of a Gas

Transportation Contract to a Successful Bidder are satisfied in accordance

with the provisions of Section 11.11 herein, Transporter shall make available

a Gas Transportation Contract to the Successful Bidder(s) and a Capacity

Release Agreement to the Releasing Shipper. The Releasing Shipper and the

Successful Bidder(s) shall then have two (2) Business Days to execute such

agreements.