Texas Gas Transmission, LLC
Third Revised Volume No. 1
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Effective Date: 03/08/2010, Docket: RP10-366-000, Status: Effective
Second Revised Sheet No. 2301 Second Revised Sheet No. 2301
Superseding: First Revised Sheet No. 2301
GENERAL TERMS AND CONDITIONS
(c) From 9:00 a.m. to 3:00 p.m., Central Time, each day during the bidding
period, Texas Gas will accept bids for the capacity stated in the auction
notice either electronically through Texas Gas' Internet Website, by email,
or by facsimile as specifically provided in the Auction Notice.
(i) All initial bids must be submitted on a Transportation Request Form
as provided in Section 8 and must indicate whether a bidder is
willing to accept a partial award. All bids must include a term,
rate, Contract Demand, and applicable points;
(ii) Point(s) included in the bid may vary from the Requested Points;
however, the capacity associated with any receipt / delivery point
combination(s) bid must utilize some portion of the capacity
specified in the auction notice.
(iii) All bids shall be binding on the bidder upon conclusion of the
bidding period. A bid can be withdrawn or changed during the
bidding period; however, any new or changed bid cannot have a lesser
NPV than the bidder's previous bid.
(iv) Texas Gas may reject on not unduly discriminatory basis any bid or
Request for Service that is for a rate less than the maximum rate
Texas Gas is authorized to charge or which would require the use of
negotiated rate authority.
(v) Texas Gas will reject bids for service that (1) request capacity
that is greater than the capacity available in the auction notice,
as set forth in Section 11.1(b)(i), as applicable; (2) may
detrimentally impact the operational integrity of Texas Gas' system;
(3) do not satisfy the terms of the auction notice; (4) contain
terms and conditions inconsistent with Texas Gas' FERC Gas Tariff;
or (5) would cause a reduction in Texas Gas' capacity
disproportionate to the service requested.
(vi) No contingent bids will be accepted; however, to the extent storage
capacity is being auctioned, a party bidding on storage under Rate
Schedule FSS may combine its bid with a bid for firm transportation
capacity under Rate Schedules FT and STF if bidding against parties
submitting bids under Rate Schedules NNS or NNL.
(d) During the bidding period, Texas Gas will make reasonable efforts to
evaluate discounted rate and / or capacity requests submitted as bids and
to (i) post the Contract Demand, Requested Points, proposed rate and NPV
from acceptable bids and (ii) notify the bidder if such Requests for
Service are rejected. The reasons for rejection will be made available to
the bidder and communicated in a timely manner.