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be deemed withdrawn.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.