Transwestern Pipeline Company, LLC

Third Revised Volume No. 1

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Effective Date: 10/23/2006, Docket: RP06-604-000, Status: Effective

First Revised Sheet No. 173 First Revised Sheet No. 173 : Effective

Superseding: Original Sheet No. 173

GENERAL TERMS AND CONDITIONS

(continued)

 

30.5 Open Bids/ Withdrawal of Bids

 

A. Open Bids - The bidding process shall be open.

 

1. During the open season and bid submittal periods, all valid bids will be posted listing all

pertinent terms and conditions of the valid bids without posting bidders' names.

 

2. A bidder may not have more than one bid submitted for a given package of released capacity

at the same time, except that it may withdraw a bid as specified below.

 

3. There will be no extensions of the original bid period or the pre-arranged deal match

period.

 

B. Withdrawal of Bids

 

1. A bidder may withdraw a bid for the released capacity up to the close of the open season or

bid submittal period.

 

2. Once a bidder has withdrawn its bid, the bidder may only submit a new bid for that released

capacity at a higher rate.

 

3. Bids are binding until written or electronic notice of withdrawal is received by

Transporter.

 

C. Valid Bids: In order to be valid, a bid must include a completed bid form and an executed firm

transportation Service Agreement (including electronically executed) which conforms with the offer

to release capacity and is submitted within the required time period for such offer to release

capacity. Invalid bids will be rejected.

 

Any Pre-Arranged Shipper acquiring capacity through capacity release which confirms a prearranged

transaction and any Replacement Shipper which submits a bid for posted capacity will, by

confirmation or entering a bid, respectively, automatically enter into a service agreement for the

service set out in the posting of the prearranged transaction or in the bid, respectively,

effective upon the respective confirmation or award of such capacity.