Overthrust Pipeline Company

First Revised Volume No. 1-A

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

Third Revised Shet No. 42 Third Revised Shet No. 42 : Superseded

Superseding: Second Revised Sheet No. 42

 

 

 

 

GENERAL TERMS AND CONDITIONS

 

 

period shall end. If updated competing bids are received,

Overthrust will post notification of the competing bids on

its EBB on or before 2:30 p.m. The shipper or shippers

submitting the highest competitive bid during the 8:00 to

12:00 bid period and any shipper updating bids to equal or

exceed the highest bid during the 12:30 p.m. to 2:00 p.m.

bid period will have one additional opportunity between 2:30

p.m. and 4:00 p.m. to post an updated bid that equals or

exceeds the current highest bid.

 

(d) Overthrust will post a final list of all

bids, including competing bids, by 4:30 p.m. the day of the

bid period.

 

(e) Except for capacity that is subject to a

right of first refusal according to Section 9 of the General

Terms and Conditions of this tariff, capacity will be

awarded no later than 10:00 a.m. on the second business day

following the bid period to the shipper or shippers whose

bid offers a rate and term that yields the highest present

value per unit of capacity and whose terms and conditions

are acceptable to Overthrust.

 

(f) Capacity sold during the bid period will be

available no sooner than the first day of the month

succeeding the bid period.

 

(g) Overthrust, at its discretion, may decline to

award the capacity and repost it in subsequent bid periods

if a satisfactory bid has not been received.

 

7.5 Bidding Information. Each bid for capacity must

include the following:

 

(a) Capacity transaction number.

 

(b) Bidding Shipper's name and the name and

telephone number of the individual placing the bid.

 

(c) The beginning and ending dates of the proposed

capacity acquisition.

 

(d) The maximum reservation charge the bidding

Shipper is willing to pay for the capacity.