Trunkline LNG Company, LLC

Second Revised Volume No. 1-A

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Effective Date: 01/15/2007, Docket: RP07-109-000, Status: Effective

First Revised Sheet No. 96 First Revised Sheet No. 96 : Pending

Superseding: Original Sheet No. 96

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

9. CAPACITY RELEASE (Continued)

 

(D) A bidder may submit only one bid at a time in

response to a Shipper Notice. A bidder may withdraw

its bid at any time prior to the close of the posting

period specified in the Shipper Notice without

prejudice to its submitting another bid with an

economic value equal to or greater than the economic

value of the withdrawn bid.

 

(E) Where there is a PRS and a bid which is better than

the bid submitted by the PRS, TLNG will notify the

PRS by 2:00 p.m. Central Time on the Day capacity is

awarded and the PRS will have until 2:30 p.m. to

match the better bid and obtain the right to the

released capacity. TLNG shall issue an Addendum to

the PRS unless a better bid, as defined in Section

9.2(A)(10) or 9.4(H) herein, is received within the

time period specified in the posting. In the event

the PRS does not match the better bid, TLNG shall

issue an Addendum to the party who made the best bid.

 

(F) All bids not withdrawn prior to the close of the

posting period specified in the Shipper Notice shall

be binding.

 

(G) In the event that a winning bid has a contingency,

and TLNG is not notified that such contingency has

been removed within the time period specified in the

Shipper Notice, such contingent bid will be rejected

by TLNG.

 

(H) If there are multiple bids meeting the minimum

conditions, TLNG shall rank the bids and TLNG shall

award the bids, best bid first, until all offered

capacity is awarded. TLNG will notify, through the

Messenger system by 2:00 p.m. Central Time following

the end of the posting period, or by 3:00 p.m.

Central Time if a matching period is applicable, the

PRS or Replacement Shipper that capacity has been

awarded.