Empire Pipeline, Inc.

Original Volume No. 1

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Effective Date: 12/10/2008, Docket: CP06-5-010, Status: Effective

Original Sheet No. 174 Original Sheet No. 174

 

GENERAL TERMS AND CONDITIONS

 

 

12. CAPACITY RELEASE (Cont'd.)

 

 

(c) Bids are binding until written or electronic notice of

withdrawal is received by Transporter. Bids cannot be

withdrawn after the bid period ends. Following the

withdrawal of a bid, a Potential Shipper may not submit a

bid lower than the bid withdrawn during the remainder of

the posting period. For this purpose, bids will be

determined to be "higher" or "lower" than the withdrawn bid

by application of the standard applicable to the

determination of best bid, as set forth in Section 12.5.

 

 

(d) Notwithstanding Sections 12(a)(viii) and 12.4(a) hereof,

Existing Shipper may establish a security requirement for

Prearranged or Potential Shippers that is less than that

prescribed by Section 2.2(e) of these General Terms and

Conditions, provided that the security requirement is

adequate to cover a value determined under Section

2.2(e)(i)(B) without regard to revenues creditable to the

Existing Shipper under Section 12.9 hereof.