Overthrust Pipeline Company

First Revised Volume No. 1-A

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Effective Date: 03/18/1999, Docket: RP98-406-000, Status: Effective

Second Revised Sheet No. 41 Second Revised Sheet No. 41 : Superseded

Superseding: First Revised Sheet No. 41

 

 

GENERAL TERMS AND CONDITIONS

 

 

(f) Any other conditions applicable to the accep-

tance of the service.

 

7.2 Bidding for Capacity. A Shipper desiring to

obtain the firm capacity from Overthrust must submit a bid

for the service according to the procedures outlined in this

section.

 

7.3 Qualifications for Bidding. Any party wishing to

become a bidding Shipper must prequalify by satisfying the

creditworthiness provisions and the EBB access and signatory

requirements of this tariff prior to submitting a bid for

capacity.

 

7.4 Bid Period. Overthrust's bid period for firm

capacity will begin on the day available capacity is posted

on the EBB and will be administered as described below.

 

(a) The initial bid period will be held from 8:00

a.m. on the day available capacity is posted on the EBB

until 12:00 noon Mountain Time on the eighth business day

prior to the end of the month. Shippers desiring to submit

a bid for service must do so prior to 12:00 noon on the

eighth business day prior to the end of the month. The

rate, term and present value of each bid received during the

initial bid period will be shown on Overthrust s EBB as

received. However, the identity of the bidding shipper

shall be kept confidential.

 

 

(b) If no competing bids are received for the

same available capacity on Overthrust's system, the board

will close at 12:00 noon. If competing bids are received,

Overthrust will post notification of the competing bids on

its EBB on or before 12:30 p.m. Shippers submitting

competing bids will have one opportunity between 12:30 p.m.

and 2:00 p.m. to post an updated bid that equals or exceeds

the highest bid, according to 7, received between 8:00

a.m. and 12:00 noon.

 

(c) If no bids are updated between 12:30 p.m. and

2:00 p.m., the board will close at 2:00 p.m. and the bid