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First Revised Sheet No. 24 First Revised Sheet No. 24 : Superseded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cannot be withdrawn after the bid period ends.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

Bid Notice.