Portland General Electric Company

Original Volume No. 1

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Effective Date: 12/03/2003, Docket: RP04- 48-000, Status: Effective

Original Sheet No. 116 Original Sheet No. 116 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

22. AVAILABLE CAPACITY (Continued)

22.3 Bidding (Continued)

(c) Bids for Portion of Posted Capacity. Bids may be submitted for

any segment of the posted mainline capacity, subject to the

availability of capacity at and between the requested physical

Receipt Point and Delivery Points. However, if a Shipper bids on only

a segment of the mainline capacity and Transporter has indicated in

the special conditions of its posting that it has determined that

partial use or segmentation of the posted capacity may create

operational problems, that Shipper will be subject to a

contract-specific flow requirement on its requested segment or must

be willing to take other action that is acceptable to Transporter

if such Shipper is the successful bidder.

(d) Bid Amounts. All bids must be submitted in amounts which a

bidder agrees to pay to Transporter for the right to receive firm

service, including undiscounted reservation surcharges, if

applicable. Such bids will exclude Transporter's volumetric

charges and volumetric surcharges applicable to such service

included in Transporter's rates, which rate components must be paid

to Transporter by the successful bidder in addition to the bid

amounts.

The maximum rates which may be bid will be the maximum tariff rates

as they may vary from time to time for the applicable service. The

minimum rates which may be bid will be the minimum tariff rates as

they may vary from time to time for the applicable service, or the

minimum rates Transporter specifies on the posting, which will

never be less than the minimum tariff rates. As explained in

Section 18.2 of the General Terms and Conditions, Transporter will

not accept Negotiated Rate bids.

(e) Withdrawal of Bid. A bidder may withdraw its bid at any time

prior to close of the bid period; provided, however, that if the

bidder is a pre-arranged Shipper, it may not withdraw its bid. A

bidder who withdraws its bid may not then submit another bid with a

lower economic value for the same capacity. Bidders may not submit

multiple bids for the same capacity.