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Third Revised Shet No. 42 Third Revised Shet No. 42 : Superseded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
(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
(d) The maximum reservation charge the bidding
Shipper is willing to pay for the capacity.