Kinder Morgan Interstate Gas Transmission LLC
Second Revised Volume No. 1-D
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Effective Date: 12/28/1999, Docket: GT00- 19-000, Status: Effective
Original Sheet No. 27 Original Sheet No. 27 : Effective
GENERAL TERMS AND CONDITIONS FOR SERVICES - continued
18.2 BIDDING PROCESS
Upon Transporter's receipt of the Shipper's Right of First Refusal
notice described in Section 18.1 above, Transporter will post the
designated capacity on its Electronic Bulletin Board (EBB) in
order to solicit bids for the capacity. A Bidder desiring to
obtain the posted capacity must submit a bid to Transporter in
accordance with Section 18.3 below, within forty-five (45) days of
the posting to participate in the Right of First Refusal process.
If the tendered bids are less than maximum rate, Transporter will
utilize an iterative bidding process. Each bid will be posted on
the EBB and each iteration's best offer will be posted on the EBB
for informational purposes, along with the name of the highest
bidder. In subsequent iteration(s), bidders will have ten (10)
days to respond to Transporter after a posting; thereafter, after
each bidding period, Transporter will have up to ten (10) days to
perform an analysis to determine the best offer as described in
Section 18.4 below. The bidding process must be completed
forty-five (45) days before the end of the existing contract term.
If any bid submitted by a bidder is subsequently withdrawn, any
new bids submitted by such bidder for the same path(s) must be at
a higher rate.
Transporter will have the right to reject, on a non-
discriminatory basis, any bid not at the maximum rate.
18.3 CONTENTS OF BID
Service Agreements, corresponding to the Shipper's bid, will be
required and must contain the price, term, amount of capacity
desired and primary receipt and delivery points.
When any Shipper bids the maximum rate, such Shipper is only
required to bid up to the maximum rate for its requested receipt
and delivery points, not the maximum rate which may apply to
different receipt and delivery points which could be charged for