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Original Sheet No. 41 Original Sheet No. 41 : Superseded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