Carnegie Interstate Pipeline Company

Original Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-173-001, Status: Effective

First Revised Sheet No. 82 First Revised Sheet No. 82 : Effective

Superseding: Original Sheet No. 82

GENERAL TERMS AND CONDITIONS

(Continued)

 

10.4 (Continued)

 

(e) CIPCO Obligations

 

Immediately upon receipt of a bid, if

such bid was submitted in writing, CIPCO shall

date and time stamp the bid and post the date

and time of receipt of the bid, together with

the terms and conditions offered in the bid,

excluding the bidder's name, on the electronic

bulletin board. If any bid is submitted

electronically, CIPCO shall record the date and

time that such bid was posted and post the date

and time of such posting, together with the

terms and conditions offered in the bid,

excluding the bidder's name, on the electronic

bulletin board.

 

Upon the close of the bid period CIPCO

shall evaluate all bids and determine the Best

Offer in accordance with the criteria specified

by the Releasing Shipper in the Notice Of Intent

To Release Capacity, including, if applicable,

the default criteria specified in Section

10.3(c). If multiple bids meeting minimum

conditions have been submitted, bids will be

awarded, best bid first, until all offered

capacity is awarded.

 

Within the time period specified in

Section 10.6(c), CIPCO shall forward, via the

electronic bulletin board, all bids received

pursuant to a Notice Of Intent To Release

Capacity to the Releasing Shipper, including the

designation of the Best Offer.

 

10.5 Contracting

 

(a) Notice of Release

 

At the time CIPCO forwards the bids to

the Releasing Shipper, CIPCO shall post the

terms and conditions of the Best Offer,

including the bidder's name, on the electronic

bulletin board for a period of one (1) hour --

3:00 p.m. to 4:00 p.m. Central Clock Time.