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First Revised Sheet No. 47 First Revised Sheet No. 47 : Superseded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
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capacity may be withdrawn at any time before the end of the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 Once a bid has been withdrawn on a release, the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