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value of the withdrawn bid.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(F) All bids not withdrawn prior to the close of the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