Williston Basin Interstate Pipeline Co.
Second Revised Volume No. 1
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Effective Date: 11/01/2010, Docket: RP10-1227-000, Status: Effective
Sixth Revised Sheet No. 261A Sixth Revised Sheet No. 261A
Superseding: Fifth Revised Sheet No. 261A
GENERAL TERMS AND CONDITIONS (Continued)
17. FIRM CAPACITY RELEASE MECHANISM (Continued)
17.8.3 When the capacity release service provider makes awards
of capacity for which there have been multiple bids meeting
minimum conditions, the capacity release facilitator should award
the bids, best bid first, until all offered capacity is awarded.
The Releasing Shipper shall be allowed to specify a method of
breaking ties to be used should sufficient capacity not exist to
satisfy all equal successful bids under the appropriate economic
standard. However, if the Releasing Shipper does not designate a
specific method of breaking ties, the capacity will be awarded
based upon the order the bids were posted, beginning with the
first bid posted until all offered capacity is awarded.
17.8.4 Bids should be binding until written or electronic
notice of withdrawal is received by the capacity release service
provider. A Releasing Shipper may withdraw its posted release any
time during the bidding period, but only if a bid which meets the
minimum terms and conditions as specified in 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 described in
Subsection 17.13, has not been received by Transporter. Bids
received by Transporter will be posted on the Website (excluding
the potential Replacement Shipper's name) and may be withdrawn by
the potential Replacement Shipper any time during the bidding
period. Bids cannot be withdrawn after the bid period ends.
However, once a potential Replacement Shipper withdraws a bid,
such potential Replacement Shipper shall not be permitted to
resubmit any bid which includes a rate
(The rest of this sheet has been intentionally left blank.)