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Sixth Revised Sheet No. 49A Sixth Revised Sheet No. 49A : Superseded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the withdrawn capacity-release offer has been revised and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