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.