K N Wattenberg Transmission LLC
First Revised Volume No. 1
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Effective Date: 06/25/2001, Docket: RP01-424-000, Status: Effective
Second Revised Sheet No. 80 Second Revised Sheet No. 80 : Effective
Superseding: First Revised Sheet No. 80
GENERAL TERMS AND CONDITIONS FOR SERVICES - continued
Failure by the Shipper to give Transporter the notice specified
in this section will result in the automatic abandonment of the
entitlement and the Shipper's right to the subject capacity at the end
of the contract term will cease.
28.2 BIDDING PROCESS
Upon Transporter's receipt of the Shipper's Right of First
Refusal notice describe in Section 28.1 above, Transporter will post
the Shipper name, effective date, and primary receipt and delivery
points and their associated capacity on its Interactive Web Site in
order to solicit bids for the capacity.
A Bidder desiring to obtain the posted capacity must submit a bid
via Facsimile (303-763-3515) to Transporter in accordance with Section
28.3 below, within thirty (30) calendar days of the posting to
participate in the Right of First Refusal process.
If the tendered bids are less than maximum rate, Transporter will
utilize an iterative bidding process. The highest bid will be posted
on Transporter's Interactive Web Site and each iteration's best offer
will be posted on the Informational Postings portion of the Interactive
Web Site for informational purposes, along with the name of the highest
bidder. In subsequent iteration(s), bidders will have ten (10) days to
respond to Transporter after a posting; thereafter, after each bidding
period, Transporter will have up to five (5) days to perform an
analysis to determine the best offer as described in Section 28.4
below. The bidding process must be completed forty-five (45) days
before the end of the existing contract term.
If any bid submitted by a bidder is subsequently withdrawn, any
new bids submitted by such bidder for the same path(s) must be at a
higher rate. Transporter will have the right to reject, on a non-
discriminatory basis, any bid not at the maximum rate.
28.3 CONTENTS OF BID
Service Agreements will be required and must contain the
corresponding bid's price, term, amount of capacity desired, and
primary receipt and delivery points.
When any Shipper bids the maximum rate, such Shipper is only
required to bid up to the maximum rate for its requested receipt and
delivery points, not the maximum rate which may apply to different
receipt and delivery points which could be charged for such service.
Multiple bids (defined as different bids made for different
portions of the total capacity) will be permitted.