Wyoming Interstate Company, Ltd.
Second Revised Volume No. 2
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Effective Date: 04/12/2010, Docket: RP10-491-000, Status: Effective
Third Revised Sheet No. 50A Third Revised Sheet No. 50A
Superseding: Substitute Second Revised Sheet No. 50A
GENERAL TERMS AND CONDITIONS
(Continued)
4. REQUESTS FOR SERVICES (Continued)
4.10 Right of First Refusal (Continued)
(c) Solicitation of Bids. If the Shipper has given notice of
intent to renew its contract as described in Section 4.10(a),
Transporter shall solicit competing bids for the subject
capacity. Beginning not later than 30 Business Days after the
"Notice Date," and continuing for thirty days (the "Bid
Period"), Transporter shall post on its electronic bulletin
board notice of the capacity which will be available as a
result of the expiring agreement and the minimum acceptable
terms for bidding on such capacity. Any party may submit a
bid for the subject capacity during the "Bid Period."
(d) Notification of Existing Shipper and Right to Match. If
Shipper has given notice of intent to renew as described in
Section 4.10(a), then within ten Business Days after the
close of the "Bid Period," Transporter shall notify the
existing Shipper of any offers deemed superior to the
Shipper's proposed terms of extension based upon the net
present value of the Reservation Charges to be paid under
such bids and the proposed term of such, using Transporter's
then-effective rate of return on equity. The term of any
competing offers shall not be capped for comparison purposes.
If a superior offer is not received, the Shipper shall be
entitled to a term extension of the expiring agreement
provided that Shipper agrees to pay Transporter's maximum
Tariff rate. Within ten Business Days after such notification
by Transporter, Shipper must notify Transporter of its intent
to match the highest competing offer. If Shipper does not
provide notification within the ten-day period, Transporter
may enter into an agreement with the bidder submitting the
highest offer utilizing the capacity.