RATE SCHEDULE T-1
FIRM SERVICE
5. RIGHT OF FIRST REFUSAL (Continued)
5.2 Posting/Bid Procedures (Continued)
5.23 Selection of Best Bid (Continued)
(c) Company shall notify Shipper in writing within
one (1) day after the Bid Close Date of the Best
Bid(s) or if no acceptable Bids were received.
(d) In order for a Shipper to retain its capacity,
Shipper shall notify Company in writing within ten
(10) business days of notification in
Subsection 5.23(c) that Shipper elects to match the
contract term(s) and rate(s) contained in the Best
Bid(s) for all or a percentage of the Maximum
Receipt Quantity. If the Best Bid(s) contains a
Negotiated Rate, Shipper may retain all or a
portion of its Maximum Receipt Quantity in
accordance with this Paragraph (d) by choosing one
of the options for rate pursuant to Subsection
38.23 of the General Terms and Conditions.
(e) In the event there is capacity remaining after
Shipper's election in Subsection 5.23(d), each
Person submitting a Best Bid will be notified of
its awarded capacity within one business day
following receipt of Shipper's notice to Company
except as noted in Subsection 5.22(c).
(f) In the event there is capacity remaining after
Shipper's election in Subsection 5.23(d) and there
is more than one Best Bid, the firm capacity shall
be allocated in the sequence in which the Best
Bid(s) are drawn one at a time at random from a
bowl in which each of the Best Bid(s) have been
placed individually. Best Bid(s) will continue to
be drawn until all the firm capacity has been
allocated. The drawing will be conducted by a
separate impartial entity not affiliated with
Company and will be completed within two business
days of the Bid Closing Date.
(g) The Best Bid(s), including the identity of the
bidder(s), will be posted on Company's Internet
web site within one (1) business day of award.
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