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Original Sheet No. 43 Original Sheet No. 43 : Superseded
GENERAL TERMS AND CONDITIONS FOR SERVICES - continued
b. ABILITY TO WITHDRAW RELEASED CAPACITY BID. Bids for
released capacity may be withdrawn at any time before the
end of the bid period. Once a bid has been withdrawn on a
release, the bidder may not submit a bid at a lower rate,
although he may do so at a higher rate.
c. ABILITY TO MAKE CONDITIONED BIDS. Conditioned bids will be
allowed if the releasing Shipper has indicated its
willingness to accept condition(s) in the release.
23.7 POSTING AND ALLOCATION OF RELEASED CAPACITY
a. All capacity will be posted on Transporter's electronic
bulletin board. The information listed in Section 23.2(a)
will be posted except for the releasing Shipper's contract
number and legal name and the replacement Shipper's name.
Bids for the capacity will be made through the bulletin
board and Transporter will allocate released capacity to the
person offering the highest rate, not to exceed the maximum
tariff reservation rate that Transporter can charge the
releasing shipper and offering to meet all other terms and
conditions of the release. If more than one person offers
the highest rate and meets the terms and conditions of the
release, the released capacity will be given to the Shipper
delivering the earliest bid to Transporter (date and time
received by Transporter). Released capacity will be
allocated by lottery among the requesting Shippers in the
event requests are received at the same time, provided
however, if the replacement Shipper designated in a
prearranged deal offers the highest rate, the capacity will
be allocated to the designated replacement Shipper.
Transporter will not refuse to provide service if the
Shipper meets Transporter's applicable tariff conditions.