Colorado Interstate Gas Company
First Revised Volume No. 1
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Effective Date: 06/01/2010, Docket: RP10-689-000, Status: Effective
Sixth Revised Sheet No. 271 Sixth Revised Sheet No. 271
Superseding: Fifth Revised Sheet No. 271
GENERAL TERMS AND CONDITIONS
4.7(g) Solicitation of Bids (Contd.)
the "Notice Date," and continuing for thirty days (the "Bid
Period") thereafter, Transporter shall post on its electronic
bulletin board notice of the capacity which will be available
as a result of the expiring agreement. Any Party qualified
pursuant to Section 9 may submit a bid for all, or a portion
of, the subject capacity during the "Bid Period."
(h) Notification of Existing Shipper and Right to Match. If Shipper
has given notice of intent to extend the term as described in
Section 4.7, but not at maximum Tariff rate(s) (including
applicable surcharges) for a term of five years or more, then
within ten Business Days after the close of the "Bid Period,"
Transporter shall notify the existing Shipper of any offers
deemed superior to Shipper's offered terms of extension.
Transporter's evaluation shall be based upon the net present
value of the proposed reservation charges and reservation
surcharge(s) and the proposed term of firm transportation or
storage agreement, discounted at Transporter's then-effective
rate of return on equity. The term of any competing offer
shall not be capped for comparison purposes. Within ten
Business Days after such notification by Transporter, Shipper
must notify Transporter of its intent to match the highest
competing offer for the amount of capacity covered by the
competing bid. If Shipper does not provide notice accepting the
terms of a superior offer notification within the ten-day
period, Transporter may enter into an agreement with the bidder
submitting the highest superior offer.
If a superior offer is not received, the Shipper shall be
entitled to the term extension proposed by Shipper provided
Shipper agrees to pay Transporter's maximum Tariff rate.