W T G Hugoton, LP
Original Volume No. 1
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Effective Date: 08/01/2007, Docket: CP06- 90-002, Status: Effective
Original Sheet No. 261 Original Sheet No. 261 : Effective
GENERAL TERMS AND CONDITIONS
Except as provided below for prearranged releases for one year or more
at maximum rates, releases for more than one calendar month must comply with
the advance posting and bidding requirements.
The releasing Shipper may designate a prearranged release. A Shipper
with a prearranged release for one year or more at maximum rates is exempt
from the advance posting and bidding requirements. However, such Shipper must
provide the terms of the release to WTG Hugoton for informational posting.
Offers to release and bids, including pre-arranged releases, shall be
posted upon receipt. A releasing shipper may request a later posting time for
posting of such offer, and WTG Hugoton will support such request insofar as it
comports with the standard time line in Section 40.4. The acquiring shipper
under a pre-arranged release must initiate confirmation of the release
40.2 Offers to Release
(a) A Shipper desiring to release firm capacity, must post on WTG
Hugoton's website an offer to release capacity on a Term Sheet no more than
twelve (12) months prior to the proposed date of the release unless the
prearranged release is negotiated with a project-financed facility to
facilitate its financing. An open bidding process will take place. The open
bidding will take place for a period of time as specified in Section 40.4.
Offers to release firm capacity and bids for released capacity must be
complete before being posted.
(b) A Term Sheet is valid only if completed in its entirety, as
detailed below. The Term Sheet must include the quantity, term, minimum price,
recall provisions, best offer standards and any other applicable terms. Any
best offer standard designated by the releasing Shipper must be objective,
non-discriminatory and applicable to all potential acquiring Shippers.
Releasing Shippers have the right to allow contingent bids, provided the
provisions for such contingent bid(s) are provided in the Term Sheet. Offers
for released capacity must contain the maximum firm usage charge. Rates
specified by the releasing Shipper must include the reservation fee and all
demand surcharges, as a total number or as stated separately. Releasing
Shipper may specify dollars and cents or percentages of the maximum tariff
rate in the denomination of bids. A Shipper releasing capacity temporarily
must state in the Term Sheet if the acquiring Shipper will be permitted to
amend the primary receipt and/or delivery points. All requested releases will
be validated by WTG Hugoton prior to execution of the agreement. WTG Hugoton
will post capacity wanted notices on the website for prospective Shippers.