Questar Southern Trails Pipeline Company
Original Volume No. 1
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Effective Date: 02/28/2010, Docket: RP10-332-000, Status: Effective
First Revised Sheet No. 46 First Revised Sheet No. 46
Superseding: Original Sheet No. 46
GENERAL TERMS AND CONDITIONS
6.3 Qualifications for Bidding. Any party wishing to become a bidding
Shipper must prequalify by satisfying the creditworthiness provisions and
Questline access and signatory requirements of this tariff prior to submitting
a bid for capacity.
6.4 Bid Period. Southern Trails' bid period for firm capacity will
begin on the day available capacity is posted on Questline and will be
administered as described below in CCTs:
(a) The initial bid period will be held from 9:00 a.m. on the
day available capacity is posted on Questline until 1:00 p.m. on the eighth
business day prior to the end of the month. Shippers desiring to submit a bid
for service must do so prior to 1:00 p.m. on the eighth business day prior to
the end of the month. The rate, term and present value of each bid received
during the initial bid period will be shown on Questline as received.
However, the identity of the bidding Shipper shall be kept confidential.
(b) If no competing bids are received for the same available
capacity on Southern Trails' system, the board will close at 1:00 p.m. If
competing bids are received, Southern Trails will post notification of the
competing bids on Questline on or before 2:00 p.m. Shippers who submitted
competing bids will have an opportunity, beginning at 2:00 p.m., to post an
updated bid that equals or exceeds the highest competing bid, as calculated
according to § 6.7. If no bids are received within the first hour, bidding
will close at 3:00 p.m. Otherwise, bidding will continue until there has been
no bidding activity for 30 minutes or until 4:00 p.m., whichever occurs first.
(c) Throughout the bidding period, Southern Trails will continue
posting a list of all bids, including competing bids, on Questline as they are
received or updated.
(d) Except for capacity that is subject to a right of first
refusal according to § 8 of the General Terms and Conditions of this tariff,
capacity will be awarded no later than 11:00 a.m. on the second business day
following the bid period to the Shipper or Shippers whose bid offers a rate
and term that yields the highest present value per unit of capacity and whose
terms and conditions are acceptable to Southern Trails.