Cheniere Creole Trail Pipeline, L.P.

Original Volume No. 1

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Effective Date: 03/09/2009, Docket: RP09-353-000, Status: Effective

First Revised Sheet No. 168 First Revised Sheet No. 168

Superseding: Original Sheet No. 168

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(g) The minimum rate expressed in dollars and cents or

percentage of the maximum rate, term, and quantity of

capacity Releasing Shipper will accept, if any, and whether

bids using a volumetric rate for the collection of

Reservation Charges will be accepted and whether the

Releasing Shipper requires a volumetric commitment.

 

(i) For releases with a term greater than one (1) year,

the maximum volumetric rate that may be bid shall

not exceed the 100% load factor equivalent of the

maximum Reservation Charge. The maximum reservation

charge equals the daily reservation rate for Rate

Schedule FTS. The maximum reservation rate that may

be bid may not exceed the maximum reservation rate

under Rate Schedule FTS as set forth on the

currently effective tariff sheets.

 

(ii) For releases with a term of one (1) year or less,

there is no restriction on the maximum rate that the

Releasing Shipper may require for acceptance.

 

(h) Identification of any Replacement Shipper with whom

Releasing Shipper has prearranged the release and such

Replacement Shipper's address, contact person, telephone

number; fax number, and contract number if applicable;

 

(i) Whether the Releasing Shipper will accept contingent bids,

and if so under what circumstances.

 

(j) The best bid criterion, the method by which volumetric or

contingent bids will be evaluated, and any alternate,

objective and nondiscriminatory method for braking ties.

Transporter supports the following methodologies of

determining the best bid: Net Present Value, highest rate,

net revenue. In lieu of these methodologies, the Releasing

Shipper may provide its own methodology for determining the

best bid. The best bid evaluation method established by the

Releasing must be objectively stated, applicable to all

Replacement Shippers and not unduly discriminatory and shall

enable Transporter to rank bids received by utilizing the

weight assigned by Releasing Shipper to each element of the

Release Notice;