Kansas Pipeline Company

Original Volume No. 1

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Effective Date: 05/11/1998, Docket: CP96-152-015, Status: Effective

First Revised Sheet No. 254 First Revised Sheet No. 254 : Effective

Superseding: Original Sheet No. 254

GENERAL TERMS AND CONDITIONS (Continued)

 

(ii) For longer term releases (5 months or more):

 

-- Offers should be tendered by 1:00 p.m. four

business days before award for long-term

releases;

-- Open season ends no later than 2:00 p.m. on

the day before nominations are due (open

season is 3 business days);

-- Evaluation period begins at 2:00 p.m. during

which contingency is eliminated, determination

of best bid is made, and ties are broken;

-- Evaluation period ends at 3:00 p.m.;

-- Match or award is communicated by 3:00 p.m.;

-- Match response by 4:00 p.m.;

-- Award posting by 5:00 p.m.;

-- Posting of pre-arranged deals not subject to

bid by 9:00 a.m. the day of nominations;

-- Contract tendered with contract number by

10:00 a.m.; contract executed; nomination

possible for next day gas flow (Central

Clock Time).

 

14.4 Bidding For Assignments

 

Any party must bid on the IEC system to accept

assignment of the Service Agreement under the

conditions posted in conjunction with a Release Notice.

 

In order to submit a valid bid, any party, including a

Designated Replacement Shipper, must be on the approved

bidders list. To be on the approved bidders list, a

party must meet the provisions of Section 6 of these

General Terms and Conditions and must have executed a

capacity release service agreement with Kansas Pipeline

in the form as set forth in this tariff (Capacity Release

Service Agreement). A party shall remain on the

approved bidders list until such party notifies Kansas

Pipeline to the contrary, no longer meets the credit

qualifications in Section 6.2 of these General Terms

and Conditions or is suspended from the approved

bidders list in the event such party fails to pay part

or all of the amount of any bill for service in

accordance with Section 15 of these General Terms

and Conditions.