Tennessee Gas Pipeline Company

FIFTH REVISED VOLUME NO. 1

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Effective Date: 05/01/2000, Docket: RP00- 229-000, Status: Effective

Second Revised Sheet No. 331 Second Revised Sheet No. 331 : Effective

Superseding: First Revised Sheet No. 331

 

 

GENERAL TERMS AND CONDITIONS (continued)

 

 

(d) Bidding will be an iterative process in that a Bidder may submit any

number of Bids during the Bidding Period; provided that each new

submission of a Bid effects the withdrawal of the previous one such

that a Bidder may not have more than one Bid in contention for the

capacity at the same time. If a Bidder withdraws its Bid by

resubmitting a new one, such new Bid must be at a higher rate. A

Bidder retains the right to withdraw its Bid, by resubmitting a new bid

or with written or electronic notice of withdrawal to Transporter,

until the close of the Bidding Period at which time such Bid shall

become binding.

 

(e) Bids must contain the information on the Bid Form via PASSKEY, in

particular a Bid must state:

 

(i) the identity of the Bidder (which will be concealed during the

Bidding Period);

 

(ii) the Transportation Service Agreement number of the Releasing

Shipper and Release Request number to which the Bid relates;

 

(iii) the bid rate(s) that the Bidder is willing to pay for the

released transportation rights, which must be no less than any

minimum bid rate(s) specified in the Release Request;

 

(iv) the Transportation Quantity (TQ) for the Bid, which must equate

to the TQ specified in the Release Request or be no less than

any minimum TQ specified in the Release Request;

 

(v) the term for which the Bidder wishes to obtain the

transportation rights, which must be the same as the term

specified in the Release Request, or be no less than any minimum

term specified in the Release Request; and

 

(vi) whether the Bid is contingent, and if so, the basis of the

contingency.