Overthrust Pipeline Company

First Revised Volume No. 1-A

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Effective Date: 01/29/1996, Docket: RP96-105-000, Status: Effective

First Revised Sheet No. 46 First Revised Sheet No. 46 : Superseded

Superseding: ORIGINAL SHEET NO. 46

GENERAL TERMS AND CONDITIONS

 

8.3 Criteria of Release. A releasing Shipper may

specify how bids for released capacity are to be evaluated

to determine the best offer. A shipper must notify

Overthrust of the criteria by which volumetric bids are to

be evaluated. These criteria must be objectively stated,

applicable to all potential bidders and nondiscriminatory.

Unless the offer to release is withdrawn according to

8.23, the releasing Shipper shall not be entitled to reject

a bid that meets its specified criteria.

 

8.4 Qualification for Participation in the Capacity

Release Program - 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.

Notwithstanding Shipper's qualification to participate in

Overthrust's capacity release program, Overthrust does not

guarantee to the releasing Shipper that the replacement

Shipper will pay for the contracted-for service.

 

8.5 Notice By Shipper Electing to Release Capacity - A

releasing Shipper must post a notice via Overthrust's EBB

that it elects to release firm capacity. The notice must

state:

 

(a) The releasing Shipper's name, contract number

and the name and phone number of the individual responsible

for authorizing the release of capacity.

 

(b) The maximum and minimum RDC to be released

stated in Dth/day.

 

(c) The primary receipt and delivery points.

 

(d) Whether capacity will be released on a firm

or recallable basis. If on a recallable basis, the terms

under which the capacity may be recalled.

 

(e) Whether Shipper will accept contingent bids,

the contingencies acceptable to Shipper, the deadline by

which all contingencies must be met and whether Overthrust

should award capacity to the next highest bidder if

contingencies are not met.

 

(f) The beginning and ending dates of the

release.