Florida Gas Transmission Company

Third Revised Volume No. 1

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Effective Date: 10/23/1998, Docket: RP98-414-000, Status: Effective

Sixth Revised Sheet No. 169 Sixth Revised Sheet No. 169 : Superseded

Superseding: Fifth Revised Sheet No. 169

GENERAL TERMS AND CONDITIONS

(continued)

 

3. Withdrawal of Eligible Capacity From Capacity Relinquishment

Program

 

The Relinquishing Shipper has the right to withdraw its offer

during the bid period, where unanticipated circumstances justify

and no valid minimum bid has been made.

 

F. Open Season Bidding:

1. During the open season and bid submittal periods, all valid bids

(excluding bidders name) will be posted. Bids provided

electronically must comply with the provisions of Section 18L.

All bids will be binding until written or electronic notice of

withdrawal is received by Transporter. Invalid bids will not be

posted. At the close of the bidding period, any bid received by

Transporter shall be deemed to be a binding offer by the

prospective Acquiring Shipper to acquire capacity pursuant to

the terms of the bid. A Relinquishing Shipper will not be able

to specify an extension of the original bid period or the

prearranged deal match period, without posting a new release.

Any prospective Acquiring Shipper who has satisfied the

creditworthiness pre-qualification requirements to Section 18I

below, may submit a bid for the following bid information;

a. The identity of the bidder, including contact person

business address, phone number and facsimile number;

b. The relinquishment under which the capacity is available and

the MDTQ separately stated by season;

c. The requested primary receipt point(s) and the primary

delivery point(s) and the quantity separately stated for

each such point;

d. The rate bid on a reservation charge basis; between the

minimum and maximum Reservation Charge (including any

applicable reservation type surcharges) for the rate

schedule under which the capacity is being offered for

release (and/or the Reservation Charge rate for Rate

Schedule NNTS service, if applicable). In the event the

Relinquishing Shipper has allowed a volumetric release, the

bids may be converted into a volumetric charge. The maximum

rate for such volumetric releases is the maximum applicable

reservation charge set forth on Sheet Nos. 8A or 8A.01 or

8B, plus all applicable reservation surcharges;

e. Any other conditions necessary to meet the terms of the

Relinquishing Shipper's Relinquishment Notice; and