Nautilus Pipeline Company, LLC

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 04/05/2010, Docket: RP10-475-000, Status: Effective

Second Revised Sheet No. 196 Second Revised Sheet No. 196

Superseding: First Revised Sheet No. 196

 

GENERAL TERMS AND CONDITIONS

 

 

24. PREGRANTED ABANDONMENT OF FIRM SERVICE AGREEMENTS con't

 

Each bid shall contain the term for which the capacity is sought

and the percentage of the maximum rate in effect during said term

which the bidder is willing to pay for the capacity, not to exceed

100% of the maximum rate. If Transporter receives more than one

bid for Shipper's capacity, and it does not reject all bids as

provided below, it will choose the bid, or combination of bids,

which minimizes the impact on the rates for other services, given

the terms and conditions of the other services at the time ("best

bid"); provided, however, that Transporter reserves the right to

reject any bid which is for less than 100% of the maximum rate

applicable to Shipper's firm service.

 

24.5 Pregranted Abandonment

 

(a) Transporter will notify Shipper of the best bid received in

an arm's length transaction that Transporter is willing to

accept, and Shipper shall have a specified time, but not

less than fifteen (15) Days, within which it must match the

price and contract term, not to exceed five (5) years,

offered in the best bid in order to retain its firm

capacity. If Shipper matches the best bid, Transporter and

Shipper will enter into a new FT-1 or FT-3 Service Agreement

reflecting the terms of Shipper's matching bid. If Shipper

fails to match the best bid within the time allowed by

Transporter, Shipper's existing Service Agreement will be

subject to pregranted abandonment upon the effective

termination date of Shipper's FT-1 or FT-3 Service Agreement

and Transporter will enter into a new FT-1 or FT-3 Service

Agreement with the party or parties offering the best bid.