K O Transmission Company

Original Volume No. 1

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

Third Revised Sheet No. 53 Third Revised Sheet No. 53

Superseding: Second Revised Sheet No. 53

 

GENERAL TERMS AND CONDITIONS (continued)

 

4. Release and Assignment of Service Rights (continued)

 

(e)

 

Timing and Duration of Posting. Offers by potential Releasing Shippers to

release and assign capacity shall be posted at a date and for a posting period

to be established by Releasing Shipper in the Release Notice; provided that the

posting, regardless of the term of the proposed release, satisfies the minimum

posting period of one (1) business day for releases of less than one (1) year,

or five (5) days for releases of one (1) year or more. Offers to release and

assign capacity for releases of less than five months which are not exempt from

bidding requirements shall be sent to Transporter via fax, e-mail or internet

form by 1:00 p.m. (central clock time). Open season for accepting bids shall

end by 2:00 p.m. (central clock time) on the day preceding nominations. Releases

of five months or more which are not exempt from bidding requirements shall be

sent to Transporter via fax, e-mail or internet form by 1:00 p.m. (central clock

time) four business days before nominations are due. Open season for accepting

bids shall end at 2:00 p.m. (central clock time) on the day before nominations

are due. Releasing Shipper may not specify an extension of the original bid

period without posting a new release.

 

(f)

 

Alternate Method to Post. Releasing Shipper may request a posting time and such

request shall be supported insofar as it comports with GISB Standard 5.3.2.

 

4.3 Bidding

(a)

 

Potential Replacement Shippers shall submit bids for released capacity which

comport with the methodology of the release notice stated in thousandths of one

dollar ($0.000) per Dth one day per month for reservation charges (including all

applicable surcharges as a total or stated separately), or in hundredths of one

cent (0.00) per Dth for volumetric rate bids or a percent of maximum,

accompanied by a valid request for service as set forth in Section 2 (Request

for Service) of the General Terms and Conditions. For capacity release

transactions one (1) year or less in length, there shall be no maximum price

cap. Such bids shall (i) be submitted by potential Replacement Shippers to

Transporter via fax, e-mail or internet form in the format established by

Transporter for such bids, and (ii) in accordance with Transporter's

specifications, specifically reference the capacity for which the bid is being

submitted.

 

(b)

 

A potential Replacement Shipper responding to the posting of a Release Notice

shall be permitted to bid a quantity and a term of service different from those

specified in the posted Release Notice; provided, however, that a Bidder shall

not be permitted to bid a quantity or a term of service lower than any minimum

quantity or term disclosed and posted by Releasing Shipper in the Release Notice.

Bidders must, however, accept all other conditions set forth in the Release

Notice.