Overthrust Pipeline Company

First Revised Volume No. 1-A

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Effective Date: 02/12/2001, Docket: GT01- 7-000, Status: Effective

Sixth Revised Sheet No. 49A Sixth Revised Sheet No. 49A : Superseded

Superseding: Fifth Revised Sheet No. 49A

GENERAL TERMS AND CONDITIONS

 

due. All bids for the released capacity received by 2:00 p.m.

Central Clock Time will be evaluated by 3:00 p.m. Central

Clock Time that same day. Overthrust will notify Shippers by

3:00 p.m. Central Clock Time whether (1) capacity will be

awarded or (2) matching bids have been received. Shippers

with matching bids shall have until 4:00 p.m. Central Clock

Time to increase their bid. Capacity will be awarded and

posted on Questline by 5:00 p.m. Central Clock Time the day

before nominations are due. A contract will be tendered with

contract number by 10:00 a.m. Central Clock Time on the day

nominations are due.

 

(iv) Releases for a term of five months or more

with no special terms or conditions shall be processed as

described below.

 

An offer to release capacity shall be

tendered no later than 1:00 p.m. Central Clock Time four

business days before releases for a term of 5 months or more

are awarded. All bids for the released capacity that are

received by 2:00 p.m. Central Clock Time the day before

nominations are due will be evaluated by 3:00 p.m. Central

Clock Time that same day. Overthrust will notify Shippers by

3:00 p.m. Central Clock Time whether (1) capacity will be

awarded or (2) matching bids have been received. Shippers

with matching bids shall have until 4:00 p.m. Central Clock

Time to increase their bid. Capacity will be awarded and

posted on Questline by 5:00 p.m. Central Clock Time the day

before nominations are due. A contract will be tendered with

contract number by 10:00 a.m. Central Clock Time on the day

nominations are due.

 

(c) Overthrust shall reject and Shipper will be

required to withdraw, upon notice by Overthrust, capacity-

release offers reflecting conditions that do not conform to

Overthrust's tariff. A new bid period will be scheduled once

the withdrawn capacity-release offer has been revised and

reposted.

 

(d) Except as provided in (e), A releasing Shipper

may post on Questline a pre-arranged deal at the maximum rate

to determine if another Shipper would be willing to offer

better terms and conditions.

 

(e) The rates that are bid and charged for released

capacity may exceed the otherwise applicable maximum rates to

the extent such rate ceilings have been waived for released

capacity transactions of less than one