Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 05/10/2010, Docket: RP10-594-000, Status: Effective

Fifth Revised Sheet No. 114 Fifth Revised Sheet No. 114

Superseding: Fourth Revised Sheet No. 114

 

GENERAL TERMS AND CONDITIONS

 

19.6 Offer and Bid Procedures

 

(e) Pre-qualified Bidder Requirements:

 

(i) All parties desiring to bid on firm capacity offered

by a RELEASING SHIPPER must be pre-qualified by

Transporter as creditworthy in order to be eligible to

submit a bid on an Offer of released capacity. Unless

Transporter agrees it has determined the bidder to be

creditworthy or to have suitable credit on file with

Transporter, the potential bidder must submit to

Transporter the information set forth in Rate

Schedules FT-1 or FT-2 to enable Transporter to

determine the party's credit worthiness. A bidder's

creditworthiness shall be assessed on the same basis

as a Shipper's creditworthiness under the terms of

Rate Schedules FT-1 or FT-2. If the potential bidder

fails to demonstrate creditworthiness, the bidder may

still be pre-qualified if it provides one of the

credit alternatives set forth in Rates Schedule FT-1

or FT-2. If a party does not qualify as a pre-

qualified bidder pursuant to this subsection 19.6(e),

the party cannot bid on a RELEASING SHIPPER's Offer.

 

(ii) The Transporter should provide the original releasing

shipper with Internet email notification reasonably

proximate in time with any of the following formal

notices given by the Transporter to the releasing

shipper's replacement shipper(s), of the following:

 

(1) Notice to the replacement shipper regarding the

replacement shipper's past due, deficiency, or

default status pursuant to the Transporter's

tariff;

 

(2) Notice to the replacement shipper regarding the

replacement shipper's suspension of service

notice;

 

(3) Notice to the replacement shipper regarding the

replacement shipper's contract termination notice

due to default or credit-related issues; and