Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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Effective Date: 12/20/1998, Docket: CP96-159-006, Status: Effective

Original Sheet No.132 Original Sheet No.132 : Effective

 

GENERAL TERMS AND CONDITIONS (cont'd)

 

19.6 Offer and Bid Procedures - (g) (cont'd)

 

(viii) if allowed by the Offer, whether the bid is

contingent on the award of capacity on an

upstream or downstream pipeline system, the

name of the pipeline and the bid number.

 

(ix) if other contingencies are allowed by the

Offer, whether the bid is subject to one of

the contingencies allowed by the Offer; and

 

(x) the information required by Section

250.16(b)(2) of the Commission's Regulations

to the extent necessary to allow Transporter

to comply with its reporting/posting

requirements under Section 250.16 to include

the following:

 

(A) the specific affiliation of the bidder

with Transporter, and the specific

affiliation of the ACQUIRING SHIPPER

with Transporter;

 

(B) whether any of the gas to be

transported through the acquired

capacity is gas purchased from or sold

to an affiliate of Transporter and, if

so, whether the affiliated entity is

selling the gas at a loss and how much

the loss is per Dth;

 

(C) the producing area of the source of the

gas to be transported;

 

(D) the state of the ultimate end-user of

the gas to be transported

 

(E) the state of the ultimate end-user of

the gas

 

A bidder may withdraw its bid on an Offer at any

time prior to the end of the bid period, but any

subsequent bids submitted by the bidder on that

Offer during the bid period must be equal to or

higher than the bidder's previous bid(s).

 

(h) Transporter's Initial Review: Upon receipt of

all bids, Transporter shall engage in an initial

review to determine whether a bid will be deemed

eligible for consideration. Any bid deemed

ineligible pursuant to this subsection 19.6(h)

shall be eliminated from consideration. A bid

shall be deemed ineligible if: