Paiute Pipeline Company
Second Revised Volume No. 1-A
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Effective Date: 06/01/1997, Docket: RP97-136-001, Status: Effective
First Revised Sheet No. 117 First Revised Sheet No. 117 : Effective
Superseding: Original Sheet No. 117
GENERAL TERMS AND CONDITIONS
16. PREGRANTED ABANDONMENT AND RIGHT-OF-FIRST-REFUSAL (Continued)
16.4 Economic Value:
For purposes of this Section 16, "Economic Value of a Bid" shall
be as defined in Section 14.1(k) of the General Terms and
Conditions of this tariff.
(a) All times listed for posting of available capacity and for
bidding under this Section shall be Central Clock Time
(Central Standard Time or Central Daylight Time, whichever
(b) All bid forms shall be fully disclosed.
(c) All Shippers bidding for available capacity must comply with
Section 7.6 of the General Terms and Conditions of this
(d) Paiute may accept more than one bid, if necessary, to
contract for all available capacity.
(e) Shippers should specify the minimum Daily Reserved Capacity
they desire to secure through each bid in the event that
bids for varying contract quantities are submitted and the
available capacity is awarded to more than one Shipper.
(f) Bids submitted for capacity at receipt and delivery points
along Paiute's system must match the receipt and delivery
points specified in the expiring Service Agreement.
(g) A bid may be withdrawn prior to the end of the bidding
period. A new bid may be submitted to replace the withdrawn
bid only if the Economic Value of the new bid exceeds the
Economic Value of the withdrawn bid.
(h) The available capacity, receipt points, delivery points, the
date of expiration of the existing Service Agreement, and
the terms and conditions of any extension sought by the
existing Shipper shall be posted to Paiute's Electronic
Bulletin Board by 7:00 p.m. (5:00 p.m. Pacific Clock Time)
on the second Monday of the third calendar month preceding
the calendar month during which the existing Service
Agreement will expire. Bids for all or any portion of