Quest Pipelines (Kpc)

Second Revised Volume No. 1

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Effective Date: 02/01/2008, Docket: RP08-174-000, Status: Effective

Original Sheet No. 168 Original Sheet No. 168 : Effective

 

GENERAL TERMS AND CONDITIONS (Continued)

 

(ii) For longer term releases (5 months or more):

 

-- Offers should be tendered by 1:00 p.m.

four business days before award for long-

term releases;

-- Open season ends no later than 2:00 p.m.

on the day before nominations are due

(open season is 3 business days);

-- Evaluation period begins at 2:00 p.m.

during which contingency is eliminated,

determination of best bid is made, and

ties are broken;

-- Evaluation period ends at 3:15 p.m.;

-- Match or award is communicated by 3:15

p.m.;

-- Match response by 4:00 p.m.;

-- Award posting by 5:00 p.m.;

-- Posting of pre-arranged deals not subject

to bid by 9:00 a.m. the day of

nominations;

-- Contract tendered with contract number by

10:00 a.m.; contract executed; nomination

possible for next day gas flow (Central

Clock Time).

 

14.4 Bidding For Assignments

 

Any party must bid on the IEC system to accept assignment of the

Service Agreement under the conditions posted in conjunction with

a Release Notice.

 

In order to submit a valid bid, any party, including a Designated

Replacement Shipper, must be on the approved bidders list. To be

on the approved bidders list, a party must meet the provisions of

Section 6 of these General Terms and Conditions and must have

executed a capacity release service agreement with KPC in the form

as set forth in this tariff (Capacity Release Service Agreement).

A party shall remain on the approved bidders list until such party

notifies KPC to the contrary, no longer meets the credit

qualifications in Section 6.2 of these General Terms and

Conditions or is suspended from the approved bidders list in the

event such party fails to pay part or all of the amount of any

bill for service in accordance with Section 15 of these General

Terms and Conditions.