Arkansas Western Pipeline Company
First Revised Volume No. 1
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Effective Date: 06/01/1997, Docket: RP97-187-003, Status: Effective
First Revised Sheet No. 24 First Revised Sheet No. 24 : Superseded
Superseding: Original Sheet No. 24
Shipper found by the Shipper an opportunity to match or exceed
the "best bid" via the TBB in accordance with the provisions of
Schedule B. If the potential Shipper matches the "best bid",
Transporter will contract with the potential Shipper found by
the Shipper. If not, Transporter will contract with the
potential Shipper who submitted the "best bid." If more than
one potential Shipper submits the "best bid," as determined
under Section 15.6 above, the released capacity will be
allocated to the potential Shipper who submitted the "best bid"
first in time. For purposes of the preceding sentence, all
"best bids" submitted on any one (1) day will be deemed to have
been received at the same time on such day, and such released
capacity shall be allocated pro rata among the "best bids"
submitted first in time.
a. Releasing Shippers may provide for the acceptance of
contingent bids that extend beyond the end of the
bidding period. Any Releasing Shipper that intends to
provide for such contingent bids shall specify in that
Releasing Shipper's terms and conditions of the release
whether and for what time period the next highest bidder
will be obligated to acquire the capacity should the
winning contingent bidder exercise its option not to
take the capacity.
b. Bidders shall have the right to withdraw their bids
during the bidding period. However, if a bidder
withdraws its bid, it shall not be permitted to submit a
new bid for the same capacity at a lower rate. Bids
cannot be withdrawn after the bid period ends.
c. The Releasing Shipper shall have the right to withdraw
its offer to release capacity at any time prior to the
closing of the bidding period. However, a Releasing
Shipper shall not be permitted to withdraw capacity
simply because the Releasing Shipper is dissatisfied
with the bids received.
15.8 Transporter shall notify the potential Shipper(s) selected in
accordance with the provisions of Schedule B following these
General Terms and Conditions (Sheet No. 32) of the acceptance
of its bid ("winning bid") and provide notice to all bidders of
the "winning bid" via the TBB in accordance with the provisions
of Schedule B. The notice posted to the TBB will contain all
of the information submitted in selected potential shipper's