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Original Sheet No. 50 Original Sheet No. 50 : Superseded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for released capacity may be withdrawn at any time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been withdrawn on a release, the bidder may not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.