K O Transmission Company

Original Volume No. 1

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Effective Date: 04/01/2009, Docket: RP09-394-000, Status: Effective

Second Revised Sheet No. 44 Second Revised Sheet No. 44

Superseding: First Revised Sheet No. 44

 

GENERAL TERMS AND CONDITIONS (continued)

 

3. Auctions of Available Firm Service (con’t)

 

committed and capacity remains available.

 

(a)

 

Website Posting Procedure. Capacity that becomes or will become available will

be posted by Transporter on its Website for a period of sixty (60) days.

Transporter's posting shall include the following information regarding the

available capacity:

 

(1) daily and other applicable quantity of service available

from each receipt point;

(2) the maximum reservation charge, as set forth in this Tariff;

(3) any applicable restrictions;

(4) whether the capacity is subject to an existing right of

first refusal;

(5) any minimum price or other terms applicable to the capacity; and

(6) the date when bids are due to Transporter.

 

All posted capacity shall be subject to the 20-year limitation for long term

service agreements unless otherwise stated in the posting. The due date set by

Transporter for bids shall be at least sixty (60) days after the first posting

date.

 

(b)

 

Bidding Procedure. Potential Shippers may submit multiple bids, each higher

than its preceding bid, for all or any portion of the capacity or term of

service made available by Transporter. A bidder shall submit its bid via fax,

e-mail or internet bidding software, which will be posted on the website or

internet bidding software without revealing the identity of the bidder,

specifying the monthly reservation charge (or other firm or demand charge(s), if

applicable, herein referred to collectively as Reservation Charge) it is bidding

for the service. Bidder also shall provide to Transporter a valid request for

service fully complying with Section 2 (Request for Service) of this Tariff's

General Terms and Conditions. The price bid for the monthly reservation charge

shall be expressed per Dth and shall be expressed to the nearest thousandth of

one dollar ($0.000). The bid shall not exceed the then-effective Maximum Base

Reservation Charge for the applicable service set forth in this Tariff. In

addition to the bid price, Bidder shall pay all applicable commodity charges,

demand and commodity