Enbridge Pipelines (AlaTenn) Inc.
Third Revised Volume No. 1
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Effective Date: 10/01/2001, Docket: GT01- 31-000, Status: Effective
Original Sheet No. 135 Original Sheet No. 135 : Effective
GENERAL TERMS AND CONDITIONS (continued)
basis for Bidders if the Releasing Shipper provides
Transporter with a guarantee satisfactory to Transporter of
all financial obligations of the Replacement Shipper under
its Released Transportation Service Contract prior to the
commencement of service to the Replacement Shipper.
(b) Bidding will be an iterative process in that a Bidder may
submit any number of bids during the Bidding Period for such
rights; provided that each new submission of a bid for such
rights by such Bidder shall constitute the withdrawal of any
immediately proceeding bid by such Bidder for such released
transportation rights. The purpose of this provision is to
ensure that a Bidder may not have more than one bid in
contention at the same time for such transportation rights.
If a Bidder withdraws its bid by submitting a new bid, such
new bid must be at a higher rate than such Bidder's
immediately proceeding rate. Bids are binding until written
or electronic notice of withdrawal is received by
Transporter or the capacity release service provider. A
Bidder retains the right to withdraw its bid until the close
of the Bidding Period, however, a bid cannot be withdrawn
after the bid period ends.
(c) Bids shall contain the following information:
i) the identity of the Bidder;
ii) Bidder's Released Transportation Service Contract
number.
iii) the Release Request number to which the Bid relates or
numbers, in the case where capacity packages posted by
two or more different release Shippers are acceptable
to a bidder.
iv) the bid rate(s) expressed as a dollar amount or as a
percentage, 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 and which, in any event, must be no less than
Transporter's currently effective maximum Rate
Schedule FT commodity rate, including any applicable
surcharges;