NorAm Gas Transmission Company

Fourth Revised Volume No. 1

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Effective Date: 05/01/1997, Docket: RP97-250-000, Status: Effective

Second Revised Sheet No. 280 Second Revised Sheet No. 280 : Superseded

Superseding: First Revised Sheet No. 280

GENERAL TERMS AND CONDITIONS

(continued)

 

bid by providing written notice thereof before

3:00 P.M. on the last Day of the bid period. Once

a bid is withdrawn, that bidder may only submit a

new bid pursuant to that release offer if it is at

a higher rate than the withdrawn bid. Transporter

shall evaluate the bids in accordance with the

provisions of this section and determine the best

bid by 10:00 A.M. on the first business day (for

releases of less than three (3) months) or on the

third business day (for longer releases) following

the close of the bid period. Transporter shall

notify releasing Shipper, the best bidder, and any

pre-arranged designated replacement Shipper of

such determination by the end of such business

day. If there is a pre-arranged designated

replacement Shipper, it may exercise its right to

match such best bid by providing written notice of

such exercise to Transporter and releasing Shipper

by the close of business on the third Day

following selection of the best bid. Upon such

notice by the pre-arranged designated replacement

Shipper, or expiration of the period during which

it may match the best bid (or, if not applicable,

the notice required at the close of the bid period

shall suffice), the chosen replacement Shipper

then shall execute promptly an Addendum to its

Master Capacity Release Service Agreement

pursuant to the applicable Rate Schedule covering

the released capacity for the period of the

release. To expedite the implementation and

utilization of released capacity, releasing

Shipper may require bidders, or bidder may do so

on its own accord, to submit with its bid

duplicate originals, executed on behalf of the

prospective replacement Shipper, of an Addendum

to its Master Capacity Release Service Agreement

(Transporter will make such documents available to

any bidders which so request) with express consent

and approval for Transporter, if that bidder is

selected as the replacement Shipper, to prepare,

complete and deem effective the Addendum to the

Master Capacity Release Service Agreement, to

incorporate the terms of the bid and release, and

thereby legally bind replacement Shipper upon

execution by Transporter alone. Transporter also

expects to implement procedures whereby a