East Tennessee Natural Gas Company

Second Revised Volume No. 1

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Effective Date: 05/01/2000, Docket: RP00-245-000, Status: Effective

Second Revised Sheet No. 138 Second Revised Sheet No. 138 : Superseded

Superseding: First Revised Sheet No. 138

 

 

GENERAL TERMS AND CONDITIONS (Continued)

 

(b) Pre-qualified Bidders may submit bids during the Bidding

Period applicable to a Release Request. All bids must be

submitted via PASSKEY. In transmitting a bid, Bidders

recognize that such bid will be accessible by other Bidders

via PASSKEY; however PASSKEY will identify bids by bid

number only and the name of the Bidder will not be posted.

 

(c) Bidding will be an iterative process in that a Bidder may

submit any number of Bids during the Bidding Period;

provided that each new submission of a Bid effects the

withdrawal of the previous one such that a Bidder may not

have more than one Bid in contention for the capacity at the

same time. If a Bidder withdraws its Bid, resubmitting a

new one, such new Bid must be at a higher rate. A Bidder

retains the right to withdraw its Bid by resubmitting a new

bid or with written or electronic notice of withdrawal,

until the close of the Bidding Period at which time such Bid

shall become binding.

 

(d) Bids must contain the information on the Bid Form, in

particular, a Bid must state:

 

i) the identity of the Bidder (which will be concealed

during the Bid Period);

 

ii) the transportation service agreement number of the

Releasing Shipper and Release Request number to which

the Bid relates;

 

iii) the bid rate(s) that the Bidder is willing to pay for

the released transportation rights, which must be no

less than any minimum bid rate(s) specified in the

Release Request;

 

iv) the Released Transportation Quantity for the Bid,

which must equate to the Released Transportation

Quantity specified in the Release Request or be no

less than any minimum Released Transportation Quantity

specified in the Release Request;

 

v) the term for which the Bidder wishes to obtain the

transportation rights, which must be the same as the

term specified in the Release Request or be no less

than any minimum term specified in the Release

Request; and