Transwestern Pipeline Company

Second Revised Volume No. 1

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Effective Date: 07/01/2003, Docket: RP03-360-001, Status: Effective

Substitute Ninth Revised Sheet No. 95E Substitute Ninth Revised Sheet No. 95E : Effective

Superseding: Eighth Revised Sheet No. 95E

GENERAL TERMS AND CONDITIONS

(continued)

 

e) Bid Evaluation: Transporter will evaluate and rank all bids in all situations in accordance with the

allocation methodology specified by the Releasing Shipper in the Offer to Release Capacity.

Transwestern will accept and process uploads of capacity release bids from potential acquiring

shipper(s) (or its authorized third party service provider), provided the bid is time-stamped as

leaving control of the bidder no later than the applicable deadline in accordance with Section 30.5

and is received by Transwestern at its designated site no later than fifteen (15) minutes after the

deadline. Such timely bid, if determined to be valid, should be evaluated by Transwestern for the

purpose of identifying the winning bidder associated with the Offer upon which the bid was made. The

evaluation period will end in accordance with Section 30.5.

 

f) Award Posting:

 

(1) Transporter will communicate the award of Released Capacity and will issue the contract in

accordance with Section 30.5; provided however, in the event of a non-biddable Pre-Arranged Deal,

then Transporter will post the award of Released Capacity in accordance with Section 30.7 below.

 

(2) Transporter shall post the following information regarding each transaction on its Internet

Website for a period of seven (7) days: i) term, ii) price(s) as bid (including, if applicable,

net present value per unit), iii) Primary Receipt and Delivery Points and restrictions on

modifications to Primary Receipt and Delivery Points, iv) MAXDTQ, v) the names of the Releasing

Shipper and Replacement Shipper, vi) whether the Replacement Shipper is an affiliate of either

Transporter or Releasing Shipper, vii) whether and to what extent the capacity is subject to

recall, viii) if capacity is recallable, then the contact information for the Replacement Shipper,

ix) other special terms and conditions, if any, and x) any minimum conditions provided by the

Releasing Shipper but not disclosed in the Offer to Release Capacity. Irrespective of when the

Notice of Completed Transaction is posted, service shall commence once capacity has been awarded

and a service agreement has been executed by both parties.

 

30.7 Posting and Bidding Procedure for a Pre-Arranged Deal

 

When capacity is released under a Pre-Arranged Deal, the Posting and Bidding procedure set forth in this

section shall apply and the terms of such deal shall be posted on Transporter's Internet Web Site. In

addition, Transporter will provide a copy of the Pre-Arranged Deal to any requesting party within one

business day.

 

a) The limitation of the Posting and Bidding Procedure: There shall be no posting and bidding procedures

for the following non-biddable pre-arranged deals: (A) contracts with terms of thirty-one (31) days

or less, unless Releasing Shipper provides otherwise: or, (B) releases for one year or more at the

maximum rate. The award posting and time lines for a non-biddable pre-arranged deal shall be

according to the following guidelines:

 

Timely Cycle

1) posting of prearranged deals not subject to bid are due by 10:30 A.M.;

2) contract issued within one hour of award posting (with a new contract number, when applicable);

3) nomination possible beginning at the next available nomination cycle for the effective date of the

contract. (Central Clock Time)

 

Evening Cycle

1) posting of prearranged deals not subject to bid are due by 5:00 P.M.

2) contract issued within one hour of award posting (with a new contract number, when applicable);

3) nomination possible beginning at the next available nomination cycle for the effective date of the

contract. (Central Clock Time)

 

Intraday 1 Cycle

1) posting of prearranged deals not subject to bid are due by 9:00 A.M.;

2) contract issued within one hour of award posting (with a new contract number, when applicable);

3) nomination possible beginning at the next available nomination cycle for the effective date of the

contract. (Central Clock Time)

 

Intraday 2 Cycle

1) posting of prearranged deals not subject to bid are due by 4:00 P.M.;

2) contract issued within one hour of award posting (with a new contract number, when applicable);

3) nomination possible beginning at the next available nomination cycle for the effective date of the

contract. (Central Clock Time)