K N Interstate Gas Transmission Co.

Second Revised Volume No. 1-B

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Effective Date: 11/01/1994, Docket: RP94-397-000, Status: Effective

First Revised Sheet No. 47 First Revised Sheet No. 47 : Superseded

Superseding: Original Sheet No. 47

GENERAL TERMS AND CONDITIONS FOR SERVICES - continued

 

 

Where

NPV = net present value of the bid

R = Reservation charge (potential replacement Shipper's bid

reservation charge) stated on a daily basis

Bid MDTQ = Amount of capacity bid on in MMBtu/d

i = Discount (interest) rate stated on a daily basis

n = Number of days from begin release date to the end of the

period covered by the bid.

 

If no interest rate is specified by the releasing Shipper, the

latest Wall Street Journal prime rate will be used.

 

23.6 ABILITY TO WITHDRAW CAPACITY POSTING OR CAPACITY BID AND ABILITY TO

MAKE CONDITIONED BID.

 

a. Ability to Withdraw Released Capacity Posting. Releasing

Shipper may withdraw the capacity release any time before the

end of the bid period.

 

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capacity may be withdrawn at any time before the end of the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 Once a bid has been withdrawn on a release, the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