K N Interstate Gas Transmission Co.

First Revised Volume No. 1-D

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Effective Date: 12/02/1994, Docket: RP95- 35-000, Status: Effective

Original Sheet No. 41 Original Sheet No. 41 : Superseded

 

 

GENERAL TERMS AND CONDITIONS FOR SERVICES - continued

 

 

c. All bids on released capacity will be posted on

Transporter's electronic bulletin board. The information

listed in Section 23.4(b) will be posted except for the

Shipper's legal name.

 

d. Any party desiring to acquire capacity for which no offer of

release has been made may post notice of its desire by

submitting the above information and the desired posting

period to Transporter via the bulletin board electronic mail

system or in accordance with Section 20 of these General

Terms and Conditions.

 

23.5 BID PERIOD.

 

If a Shipper desires to release capacity, Shipper may post the

available capacity on Transporter's electronic bulletin board.

This posting will be for a minimum period of two business days,

for releases of more than one (1) calendar month in length, and up

to a maximum period of one month, as specified by releasing

Shipper. A releasing Shipper may specify an objectively stated,

non-discriminatory standard and post it on Transporter's EBB for

determining the best bid(s). If releasing Shipper does not so

specify, bids will be evaluated based on the economic value of the

reservation charge bid.*

 

The economic value of a bid shall be defined as the total net

present value of the reservation charge bid, not to exceed a term

of twenty (20) years. Transporter will give any replacement

Shipper found by the releasing Shipper (if any) an opportunity to

match any better offer by the close of business on the next

business day following the close of the bid period (match day).

All offers must be received by 5:00 PM CT on the last day of the

bid period and on match day. If the replacement Shipper matched

the better offer, Transporter will contract with the replacement

Shipper found by the releasing customer. If the better offer is

not matched,