Wyoming Interstate Company, Ltd.

Second Revised Volume No. 2

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Effective Date: 04/12/2010, Docket: RP10-491-000, Status: Effective

Second Revised Sheet No. 64N Second Revised Sheet No. 64N

Superseding: Substitute First Revised Sheet No. 64N

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

9. CAPACITY RELEASE (Continued)

 

9.11 Awarding of Released Capacity. Released capacity shall be awarded in

accordance with this Section 9.11.

 

(a) If a Bidding Shipper's bid satisfies all terms and conditions

specified in the Releasing Shipper's notice, including the

posted Reservation Rate, then the capacity shall be awarded to

such Bidding Shipper, and the Releasing Shipper shall not be

permitted to reject such bid. If such bid was submitted in an

open season relating to a prearranged release, capacity shall

be awarded as described in Section 9.11(h) hereof.

 

(b) Offers shall be binding until written or electronic notice of

withdrawal is received by Transporter (GISB Standard 5.3.14).

Releasing Shipper(s) may withdraw their offer of release any

time prior to the start of the open season, or during the open

season in the event of an unexpected change in Releasing

Shipper's need for the capacity being released provided,

however, that the Releasing Shipper may not withdraw its offer

of release, if bids have been received that meet the minimum

terms of the release. The Releasing Shipper may withdraw its

offer to release capacity in writing, interactively via the

electronic bulletin board or via an electronic data interchange

(EDI) upload utilizing the GISB Standard data set. In summary,

the Releasing Shipper has the right to withdraw its offer

during the bid period, where unanticipated circumstances

justify and no minimum bid has been made (GISB Standard

5.3.16).

 

(c) If more than one bid is received that is equal to or exceeds

all the minimum terms and conditions specified in the Releasing

Shipper's notice, then the Replacement Shipper(s) shall be the

Bidding Shipper(s) who offer(s) the highest bid, based on the

bid evaluation methods as posted by the Releasing Shipper in

its notice of release. Transporter shall evaluate and rank all

bids submitted during the open season. If Bidding Shipper has

made a bid based on a contingency and such contingency has not

been removed by the date and time specified pursuant to the

Timelines as described in Section 9.5 hereof, such bid shall

be deemed withdrawn. If bids from two or more Bidding Shippers

result in bids of equal value, then the capacity shall be

awarded pursuant to Section 9.11(g) hereof.