Phillips Gas Pipeline Company
First Revised Volume No. 1
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Effective Date: / / , Docket: RS92- 47-002, Status: Effective
Original Sheet No. 62 Original Sheet No. 62 : Superseded
(3) For capacity to be released for a term of
more than two (2) years an open season of
four (4) weeks shall be held commencing at
least eight (8) weeks prior to the effective
date of the release. If the released capacity
was subject to a prearrangement and the
open season results in a higher bid as
determined under Section 21.5, PGPL shall
notify the Prearranged Replacement Shipper
via telephone of such higher bid and said
Prearranged Replacement Shipper shall have
twenty (20) business days after posting the
best bid to match such higher bid.
(c) Withdrawal of Releases: A Releasing Shipper may,
during the applicable bid submittal period,
withdraw its offer to release capacity, provided such
withdrawal is not the result of dissatisfaction with
the bids received.
21.5 Open Bids/Withdrawal of Bids/Contingent Bids
(a) Open Bids - The bidding process shall be open.
(1) During the open season and bid submittal
periods, PGPL will post all valid bids, listing
all pertinent terms and conditions of the
valid bids without posting bidders' names.
(2) A bidder may not have more than one bid
submitted for a given package of released
capacity at the same time, except that it may
withdraw a bid as specified below.
(b) Withdrawal of Bids
(1) A bidder may withdraw a bid for the
released capacity up to: (i) the close of the
open season or bid submittal period or (ii)
the time that capacity is allocated, whichever
(2) Once a bidder has withdrawn its bid, the
bidder may only submit a new bid for that
released capacity at a higher rate.