Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 11/01/2003, Docket: RP04- 1-000, Status: Effective

Third Revised Sheet No. 101 Third Revised Sheet No. 101 : Effective

Superseding: Second Revised Sheet No. 101

GENERAL TERMS AND CONDITIONS

 

 

18.5 Continued/New Service

 

(a) If Shipper elects to match the best bid ,

Transporter and Shipper will enter into a new

Transportation Service Agreement(s) reflecting the

terms of the best bid(s). Transporter will notify

the party(ies) who submitted the best bid(s) that

Shipper has elected to match the best bid(s) and

will post notice of such on its Internet Web Site.

 

(b) If Shipper elects not to match the best bid(s),

Shipper's existing Transportation Service

Agreement will be subject to pregranted

abandonment upon its effective termination date

and Transporter will enter into a new

Transportation Service Agreement(s) of even date

with the party or parties offering the best bid(s)

which shall reflect the conditions of the best

bid(s). Transporter will post notice of the above

on its Internet Web Site.

 

18.6 Refund of Prepayment

 

Transporter shall refund to all parties whose bids were

either rejected by Transporter or superseded by

Shipper's election to match the best bid(s) the entire

amount of the required prepayment within thirty (30)

days of the earlier of (a) Transporter's rejection of

their bid(s) pursuant to Section 18.3 or (b)

Transporter's receipt of Shipper's notice of its

election pursuant to subsection 18.5(a).

 

18.7 No Best Bid(s)

 

In the event Transporter does not receive any bids for

Shipper's capacity or any bids which are acceptable to

Transporter, Shipper shall have the right to retain its

firm capacity at the maximum rate applicable thereto,

or any discount agreed to by Transporter, for an

additional term as requested by Shipper. If Shipper

refuses to renew its Transportation Service Agreement

at the maximum rate, absent an agreement by Transporter

to discount, said Transportation Service Agreement

shall be subject to pregranted abandonment on the

effective date of termination.