Pinnacle Pipeline Company

ORIGINAL VOLUME NO. 1

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Effective Date: 10/08/2003, Docket: RP04-102-001, Status: Effective

Original Sheet No. 141 Original Sheet No. 141 : Effective

 

 

include the required bid information and

must be received and posted electronically

through the Web Site. Bids shall be posted

on the Web Site with any contingencies

identified and with the bidder's identity

deleted.

 

(d) A bidder may submit only one bid at a time

in response to a Shipper Notice. A bidder

may withdraw its bid through the Web Site

at any time prior to the close of the

posting period specified in the Shipper

Notice without prejudice to its submitting

another bid with an economic value equal to

or greater than the economic value of the

withdrawn bid.

 

(e) Where there is a PRS and an offer which is

better than the bid submitted by the PRS,

Transporter will notify the PRS by 2:00

p.m. CCT on the day capacity is awarded

and the PRS will have until 2:30 p.m. to

match the better offer and obtain the right

to the released capacity. In the event the

PRS does not match the better bid,

Transporter shall award the capacity to the

party who made the best bid.

 

(f) Bids shall be binding until written or

electronic notice of withdrawal is received

by Transporter. Bids cannot be withdrawn

after the bid period ends.

 

(g) In the event that a winning bid has an

unacceptable contingency, and Transporter

is not notified through the Web Site that

such contingency has been removed within

the time period specified in the Shipper

Notice, such contingent bid will be

rejected by Transporter.

 

(h) The Releasing Shipper may define in the

Shipper Notice the criteria for determining

the best bid. If the Releasing Shipper

does not specify the criteria, Transporter

shall use the highest economic value to

determine the best bid. If there are

multiple bids meeting the minimum