Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-328-001, Status: Effective

Second Revised Sheet No. 111 Second Revised Sheet No. 111

Superseding: First Revised Sheet No. 111

 

GENERAL TERMS AND CONDITIONS

 

 

(9) whether the offer is subject to a Prearranged

Release, if so, the name of the prearranged ACQUIRING

SHIPPER as well as whether the Prearranged Release is

to an asset manager (and, if so, with what supply

obligations) and/or whether the release is to a

marketer participating in a state-regulated retail

access program;

 

(10) any minimum acceptable reservation charge and whether

the RELEASING SHIPPER will accept bids on the

reservation charge converted to a volumetric rate

basis;

 

(11) if bids on a volumetric rate basis are acceptable,

whether the volume bid is a minimum daily throughput

commitment for billing purposes, i.e. the ACQUIRING

SHIPPER's monthly bill and the RELEASING SHIPPER's

monthly credit will be no less than the volume bid

multiplied by the volumetric rate bid multiplied by

the number of days in the month that the release was

in effect;

 

(12) whether bids may be submitted that are contingent on

(i) the award of upstream or downstream capacity on

another pipeline system, (ii) the success or failure

of another bid for capacity on Transporter's Facility

effective the same date/bid, or (iii) any other type

of contingency specified in the Offer, and the

deadline for removing any such contingencies.

 

(13) the economic criteria to be utilized by Transporter

in determining the "best bid" (said criteria to be

objectively stated, applicable to all bidders and

nondiscriminatory); and

 

(14) a nondiscriminatory tie breaker to be utilized in

determining the "best bid" in the event two or more

bids generate equal revenues.