K N Interstate Gas Transmission Co.
Third Revised Volume No. 1-B
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Effective Date: 08/01/1996, Docket: RP96-296-000, Status: Effective
Original Sheet No. 35 Original Sheet No. 35 : Superseded
GENERAL TERMS AND CONDITIONS FOR SERVICES - continued
Failure by the Shipper to give Transporter the notice
specified in this section will result in the automatic
abandonment of the entitlement and the Shipper's right
to the subject capacity at the end of the contract term
18.2 BIDDING PROCESS
Upon Transporter's receipt of the Shipper's Right of
First Refusal notice described in Section 18.1 above,
Transporter will post the Shipper name, effective date,
and primary receipt and delivery points and their
associated capacity on its Electronic Bulletin Board
(EBB) in order to solicit bids for the capacity.
A Bidder desiring to obtain the posted capacity must
submit a bid via Facsimile 303-763-3515 to Transporter
in accordance with Section 18.3 below, within thirty
(30)calendar days of the posting to participate in the
Right of First Refusal process.
If the tendered bids are less than maximum rate,
Transporter will utilize an iterative bidding
process. The highest bid will be posted on the
EBB and each iteration's best offer will be posted
on the EBB for informational purposes, along with
the name of the highest bidder. In subsequent
iteration(s), bidders will have ten (10) days to
respond to Transporter after a posting; thereafter,
after each bidding period, Transporter will have up
to five (5) days to perform an analysis to determine
the best offer as described in Section 18.4 below.
The bidding process must be completed forty-five(45)
days before the end of the existing contract term.
If any bid submitted by a bidder is subsequently
withdrawn, any new bids submitted by such bidder for
the same path(s) must be at a higher rate.
Transporter will have the right to reject, on a
non-discriminatory basis, any bid not at the
18.3 CONTENTS OF BID
Service Agreements, corresponding to the Shipper's bid,
will be required and must contain the price, term,
amount of capacity desired and primary receipt and