Williston Basin Interstate Pipeline Co.

Second Revised Volume No. 1

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Effective Date: 02/25/2009, Docket: RP09-259-000, Status: Effective

Sixth Revised Sheet No. 260 Sixth Revised Sheet No. 260

Superseding: Fifth Revised Sheet No. 260

 

GENERAL TERMS AND CONDITIONS (Continued)

 

17. FIRM CAPACITY RELEASE MECHANISM (Continued)

 

Replacement Shipper reflected in the deal brought to

Transporter by the Releasing Shipper.

 

17.7.1.3 If a better bid than that included in the deal

is received, Transporter will give the potential Replacement

Shipper reflected in the deal brought to Transporter by the

Releasing Shipper an opportunity to match the better bid in

accordance with Subsection 17.3. If the potential

Replacement Shipper reflected in the deal agrees to match

such better bid, the released capacity will be awarded to

the potential Replacement Shipper reflected in the deal.

 

17.7.2 If a deal is at the maximum rate, Transporter will enter

into a contract with the potential Replacement Shipper reflected

in the deal brought to Transporter by the Releasing Shipper

without posting the deal in accordance with the posting procedures

detailed in Subsection 17.3 hereof. Such deal shall be posted on

the Website in accordance with Subsection 17.3.

 

17.8 For any of the types of release discussed in this Section 17,

the Releasing Shipper must specify on the offer, via an acceptable

electronic communication mechanism as described in Section 8 of these

General Terms and Conditions or via an alternate method in an emergency

situation as contained in Subsection 17.13, the released capacity

quantity (in terms of daily and annual quantities, where applicable,

i.e. MDDQ and ADQ or MSDQ, MSCQ, MSIQ and FCQ), term of the release, the

minimum price required, the primary receipt and delivery points

involved, whether the Replacement Shipper will be allowed to amend the

primary receipt and/or delivery point(s), the marketing fee, if any, the

Releasing Shipper is willing to pay Transporter to actively market the

capacity, whether any conditions of recall will apply, which conditions

must be objectively stated by the Releasing Shipper, applied in a non-

discriminatory manner, and